Enduring Hospitality Group Secures $32.6 Million Refinance Loan For Offshore Montauk Hotel

The asset involved in this transaction is the Offshore Montauk hotel, a newly renovated property featuring 44 keys located at 71 South Emerson Avenue in Montauk, N.Y. The refinancing loan amounts to $32,600,000, backed by the lender Catal Group.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,600,000
• Lender: Catal Group
• Landlord: Enduring Hospitality Group
• Brokers: Nick Scribani, Tyler Dumon, Tim Polglase & Tate Keir - Newmark
• Loan Type: Refinance

Enduring Hospitality Group has secured this refinancing loan for the Offshore Montauk hotel through Catal Group. The transaction was facilitated by brokers Nick Scribani, Tyler Dumon, Tim Polglase, and Tate Keir from Newmark.