The Ritz-Carlton Residences, West Palm Beach
Project
Miami-based Related Group and Aventura, Florida-based BH Group have secured $200 million in construction financing from New York City-based Madison Realty Capital for The Ritz-Carlton Residences, West Palm Beach, a 138-key standalone branded residential project.
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Counterparts (3)
Developer
Related Group
company
The Related Group is a leading real estate development company primarily focused on residential, mixed-use, and affordable housing projects across the United States and internationally. While their core business is real estate, their large-scale urban developments inherently involve the planning, development, and integration of associated infrastructure such as roads, utilities, and social infrastructure components within their communities.
B
BH Group
company
BH Group is a diversified Mauritian conglomerate with significant interests in real estate, hospitality, and infrastructure. Through its subsidiaries, it is actively involved in construction, renewable energy development, and logistics, primarily focusing on projects within Mauritius.
Deal Analysis
This announced transaction involves Miami-based Related Group and Aventura, Florida-based BH Group securing $200 million in construction financing from New York City-based Madison Realty Capital. The capital is earmarked for The Ritz-Carlton Residences, West Palm Beach, a 138-key standalone branded residential project. This significant financing package underscores continued lender confidence in the luxury residential market, particularly for developments backed by established developers and prestigious hospitality brands.
The deal is notable for the substantial capital commitment from Madison Realty Capital to a high-value project in West Palm Beach, USA. The involvement of two prominent developers, Related Group and BH Group, further solidifies the project's standing. The focus on a standalone branded residential offering, distinct from a traditional hotel, highlights a strategic shift within the hospitality sector towards leveraging brand equity to deliver premium, service-rich residential experiences in key affluent markets.
- Secured $200 million in construction financing.
- Involves prominent developers Related Group and BH Group, and specialized lender Madison Realty Capital.
- Project is a 138-key standalone Ritz-Carlton branded residential development.
- Located in West Palm Beach, USA, targeting the luxury residential market.
Source Intelligence
KEY DETAILS
The project is a "138-key standalone branded residential project". It is a "27-story waterfront tower". "70% of the units have already been sold". "In just six months, we have driven over $150 million in sales for this project".
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Deal Size
$200 million in construction financing
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Location
WEST PALM BEACH, Florida — Miami-based Related Group and Aventura, Florida-based BH Group have secured $200 million in construction financing for 138-key The Ritz-Carlton Residences, West Palm Beach, in the latest branded residential project to be announced in the bustling hotel market of South Florida.
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Financials
$200 million in construction financing
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Announcement
By Rob Schneider | March 4, 2026
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COD
scheduled for completion in 2028
PARTIES MENTIONED IN SOURCE
R
Related Group
developer
"Miami-based Related Group and Aventura, Florida-based BH Group have secured $200 million in construction financing"
B
BH Group
developer
"Miami-based Related Group and Aventura, Florida-based BH Group have secured $200 million in construction financing"
M
Madison Realty Capital
lender
"The financing was provided by New York City-based Madison Realty Capital."
high quality
Enriched Mar 5, 2026
Global Infrastructure Sherpa