KSL Capital Partners Provides $95 Million Refinance For Wildflower Farms Hotel In Hudson Valley
2702 Main St., Gardiner, Ny, 12525
$95,000,000
Building Size
—
Asset Type
Hotel
Closing
Apr 13, 2026
AI
The asset involved in this transaction is the Wildflower Farms, part of the Auberge Collection, situated at 2702 Main Street in the Hudson Valley market. This hotel features 65 keys and was subject to a loan amounting to $95,000,000, which is categorized as a refinance.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $95,000,000
- Lender: KSL Capital Partners
- Sponsor: Phillip Rapoport, Kristin Rapoport & Zach Kleinhandler - SY Holdings
- Landlord's Representative: Adam Licari, Rob Turner & Michael Smilove - Eastdil Secured
The key individuals involved in this transaction include the lender KSL Capital Partners and the sponsor group SY Holdings, represented by Phillip Rapoport, Kristin Rapoport, and Zach Kleinhandler. The transaction was facilitated by the landlord's representatives from Eastdil Secured, consisting of Adam Licari, Rob Turner, and Michael Smilove.
Players
Gardiner Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93