Baywood Hotels: Hotel project near South Florida mall nabs $14M construction loan

A Maryland-based hotel developer was awarded a $14.3 million construction loan for a hotel project northeast of Miami International Mall in Doral. 19th Street Capital, an affiliate of Columbia, Maryland-based Baywood Hotels, received the loan from New York-based Popular Bank. The hotel would be a six-story, 135-room hotel at 10234 N.W. 19th St. in Doral, according to county records. Baywood originally filed plans for the project in September 2018. The initial application shows the developer intends...