Marcus & Millichap (MMI) Arranges $75.1M Monroe Hotel Recapitalization. Can IPA Win More Complex Deals?
Marcus & Millichap's (MMI) Institutional Property Advisors (IPA) arranged a $75.1M recapitalization for The Monroe Hotel in Miami Beach, involving four financing sources. The project, with a $125.5M redevelopment cost, is set to open in 2027. MMI's institutional investors remain steady, with BlackRock as the largest shareholder.





