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

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FINANCED
$216,000,000
Jillian Mariutti
Mark Fisher
Kevin Davis
+ 1

New York

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Hotel
Financed 10/01/2025
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FINANCED

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

212 East 42nd Street

See Similar Deals
Hotel
Financed 10/01/2025
Jillian Mariutti
Mark Fisher
Kevin Davis
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Hotel
Transaction Type:Loan

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.

Players

Kevin Davis
JLL
Kevin Davis
22 deals$3B volume
BROKER
Mark Fisher
CBRE
Mark Fisher
9 deals$1.6B volume
BROKER
Jillian Mariutti
JLL
Jillian Mariutti
20 deals$1.7B volume
BROKER
Mark Fisher
JLL
Mark Fisher
9 deals$1.8B volume(212) 812-5966
BROKER
SC
Smith Hill Capital
LENDER
Bain Capital
Bain Capital
LENDER
DM
Davidson Kempner Capital Management
LANDLORD

Details

FINANCED
IMAGE: Brendan McCormick, David DesPrez, Kevin Davis, Jillian Mariutti & Mark Fisher DATE: 10/01/2025 ADDRESS: 212 East 42nd Street MARKET: Manhattan ASSET TYPE: Hotel ~ KEYS: 774 LENDER: Brendan McCormick - Smith Hill Capital & David DesPrez - Bain Capital LANDLORD: Davidson Kempner Capital Management BROKERS: Kevin Davis, Jillian Mariutti (@JillianMariutti_CRE) & Mark Fisher - JLL (@JLL) LOAN AMOUNT: $216,000,000 LOAN TYPE: Refinance NOTE: Smith Hill Capital and Bain Capital Special Situations provided a $216 million refinance for the 774-key Westin New York Grand Central, with JLL arranging the deal for sponsor Davidson Kempner Capital Management.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$216,000,000.00

Monthly NOI$1,440,000.00
Monthly Debt Service$1,365,266.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00