The developer of the Margaritaville Beach Resort in Hollywood has secured an addiontial $19 million construction loan as the project nears completion. The improved credit line by the Bank of the Ozarks brings the total loan amount $54.6 million on a project estimated to represent an investment of $147 million. The 349-room resort is slated to open this summer. It will have seven restaurants, a spa, fitness center, over 7,000 square feet of retail space and 30,000 square feet of event space. Tishman Construction and Coastal Construction are building the 845,000-square-foot resort for developers Lon Tabatchnick, Starwood Capital Group and Lojeta Millennium.
