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Smith Hill Capital Partners And Bain Capital Provide $235 Million Refinance Loan For Gurney’s Montauk Resort

Property Image
FINANCED
$235,000,000
Kevin Davis
Christopher (Chris) Peck
Mark Fisher
+ 1

New York

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Hotel100,000 SF
Financed 04/09/2025
the dealplayerscompscontact
Property Image
FINANCED

Smith Hill Capital Partners And Bain Capital Provide $235 Million Refinance Loan For Gurney’s Montauk Resort

290 Old Montauk Highway

See Similar Deals
Hotel100,000 SF
Financed 04/09/2025
Kevin Davis
Christopher (Chris) Peck
Mark Fisher
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$2,350
Total Square Footage:100,000 SF
Transaction Type:Loan

The asset involved in this transaction is a hotel located at 290 Old Montauk Highway, known as Gurney’s Montauk Resort & Seawater Spa. This hotel has 158 keys and is situated in the Montauk market. The refinance loan amount for this property is $235,000,000.

Summary of transaction details:

Key individuals involved in the transaction include Christopher Peck, Kevin Davis, Mark Fisher, and Connor Medzigian, who represented the brokers from JLL in the deal. Smith Hill Capital Partners and Bain Capital acted as the lenders for this refinancing transaction.

Players

Christopher (Chris) Peck
JLL
Christopher Peck
70 deals$14.6B volume(212) 632-1812
BROKER
Kevin Davis
JLL
Kevin Davis
22 deals$3B volume
BROKER
Mark Fisher
JLL
Mark Fisher
9 deals$1.8B volume(212) 812-5966
BROKER
Connor Medzigian
JLL
Connor Medzigian
2 deals$288M volume
BROKER
Bain Capital
Bain Capital
LENDER

Details

FINANCED
IMAGE: Christopher Peck, Kevin Davis, Mark Fisher & Connor Medzigian DATE: 04/09/2025 ADDRESS: 290 Old Montauk Highway - Gurney’s Montauk Resort & Seawater Spa MARKET: Montauk ASSET TYPE: Hotel ~ KEYS: 158 LENDER: Smith Hill Capital Partners & Bain Capital LANDLORD: BLDG Management & Metrovest Equities BROKERS: Christopher Peck, Kevin Davis, Mark Fisher & Connor Medzigian - JLL (@JLL) LOAN AMOUNT: $235,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$235,000,000.00

Monthly NOI$1,566,666.67
Monthly Debt Service$1,485,359.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00