FDIC and OFR grant regulatory approval to Banesco USA for the acquisition of Brickell Bank. More information on our news section. Banesco recibe aprobación para adquirir Brickell Bank. Mas información en Noticias.

Banesco USA lends $15M to build Dania Beach hotel

Banesco USA awarded a $14.97 million loan to build the Morrison Hotel in Dania Beach.

The Coral Gables-based bank provided the mortgage to N&S Properties, a Weston-based company managed by Alvaro E. Correa. It recently started construction of the 143-room, seven-story hotel.

It acquired the 0.9-acre site at 28 S. Federal Highway for $1.8 million in 2014. The city agreed to provide parking for the hotel in its municipal parking garage nearby.

Dania Beach is near Port Everglades and Fort Lauderdale/Hollywood International Airport.

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