Genting Americas Secures $500M to Refinance Omni Center
The Miami property owner locks in new financing for the 1.5 million-square-foot site in downtown.
Updated on Oct. 21, 2026 in Commercial
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Genting Americas has secured a $500 million refinancing loan for the Omni Center in Miami. The financing covers the 1.5 million-square-foot property, which includes significant office and hotel space.
Why it matters
The $500 million refinancing provides new capital for the long-standing Miami property, which has undergone significant changes since its construction in the 1970s. This move allows the owner to stabilize the asset following recent market shifts in the area.
Genting Americas secured a $500 million loan for the Omni Center, a substantial increase over the $180 million paid to acquire the property in 2011. The site spans 1.5 million square feet in downtown Miami.
The players
Genting Americas
An international resort and property developer that manages large-scale hospitality and commercial assets.
Wells Fargo
A major financial institution that provides commercial lending and administrative agency services for large property developments.
Planet Fitness
A national fitness center chain that acts as a commercial tenant within large office and mixed-use properties.
Skyline Financial
A financial services firm that operates as a commercial tenant in downtown business corridors.
The details
Wells Fargo serves as the administrative agent for the group of lenders providing the $500 million mortgage. The Omni Center property, built in the 1970s, encompasses 435,000 square feet of office space, a 527-room hotel, and a 2,500-spot parking garage. Recent tenant activity at the site includes a 26,000-square-foot lease signed by Planet Fitness and 25,420 square feet occupied by Skyline Financial.
Timeline
1970s: The Omni Center was originally built.
2000: The Omni International Mall closed.
2011: Genting Americas purchased the asset for $180 million.
2023: The planned $1.2 billion sale of adjacent land collapsed.
October 2026: Genting Americas secured the $500 million refinancing loan.
Money Landscape
The $500 million refinancing follows the collapse of a high-profile $1.2 billion land deal in 2023. This marks a new phase for the historic property as it shifts away from previous development plans.
Local business owners and tenants in downtown Miami should monitor how this capital infusion affects property maintenance and future lease terms. Residents and workers may see renewed activity or service updates at the site as new financing stabilizes the property.
The takeaway
This refinancing underscores the evolving commercial value of large, multi-use properties in downtown Miami. Property owners and commercial tenants should verify lease agreements and building management status following major changes in property ownership or debt structure.
Further reading
Learn more about local property trends in the Miami Commercial section.
Source note: This article includes information reported by Commercial Observer.
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