Casa Monica Resort & Spa, Autograph Collection

Case Study: Hotels & Hospitality

Property Info

Property Type: Hotels & Hospitality

Date Closed: January 2026

City, State: St. Augustine, FL

Loan Amount: $61M

LTV: 65%

Property Objectives

Casa Monica Resort & Spa, Autograph Collection is a celebrated luxury hotel nestled in the heart of St. Augustine’s Historic District. The Kessler Collection, known for its thoughtful, design-forward hospitality assets, sought to reinforce the property’s legacy by pursuing a strategic refinancing and launching an ambitious renovation plan. Their goal was to maintain the hotel’s unique blend of Moroccan charm and modern luxury while ensuring it continued to set the standard for boutique accommodations in the region.

Berkadia Solution

This transaction presented a sophisticated set of requirements. The Kessler Collection needed $61 million in financing that not only refinanced existing debt but also provided the necessary capital for a comprehensive renovation. The deal structure includes a renovation-focused holdback, a completion guarantee, and a deferred equity contribution by The Kessler Collection. Navigating these needs during a period of interest rate volatility required expert guidance, precise planning, and a trusted partnership.

Berkadia’s Hotels & Hospitality team, led by Jennifer Dakin, Lindsey deButts, Katelyn Reynolds and Jose Ison Cassab responded with an innovative and client-focused solution. Jennifer leveraged her trusted relationship with The Kessler Collection. The team worked closely with the client to secure a tailored interim bank loan, incorporating flexible extension terms and clear guidelines for the successful completion of the renovation plan and time to enhance operations. This collaborative approach ensured that client objectives remained central during every phase of the financing process.

Client Results

As a result of this successful transaction, The Kessler Collection gained not only refinancing but also the confidence and flexibility to advance their vision for Casa Monica Resort & Spa. The customized loan aligned all stakeholders and equipped them with the capital and structure required to elevate the property’s guest experience and market position. “We are proud to have gotten this deal across the finish line and to continue building off of the long-standing partnership that I’ve had with the Kessler team,” Jennifer remarked. This execution showcases Berkadia’s client-centric focus and ability to deliver creative solutions and exceptional results.

Berkadia Hotels & Hospitality

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