Marriott-branded hotel breaks ground with $21M loan
The Miami Airport TownePlace Suites commenced construction after Banesco USA provided a $21.13 million development loan. The Coral Gables-based bank provided the mortgage to Hotelex Airport, headed by Venezuelan national William Hammani. It acquired the 43,000-square-foot site at 4021 and 4033 N.W. 11th Street for $4.5 million in 2014. The developer recently broke ground on…