Brendan McCormick Of Smith Hill Capital & David DesPrez Of Bain Capital Provides $216M Refinance For Hotel In Manhattan

212 East 42nd Street is a hotel asset located in the Manhattan market, featuring a total of 774 keys. The property recently underwent a refinance transaction amounting to $216,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $216,000,000
• Address: 212 East 42nd Street
• Market: Manhattan
• Keys: 774
• Lender: Brendan McCormick - Smith Hill Capital
• Lender: David DesPrez - Bain Capital
• Landlord: Davidson Kempner Capital Management
• Brokers: Kevin Davis, Jillian Mariutti & Mark Fisher - JLL
• Loan Type: Refinance

Smith Hill Capital and Bain Capital Special Situations provided the refinance for the Westin New York Grand Central, with JLL facilitating the deal on behalf of Davidson Kempner Capital Management.