KSL Capital Partners Secures $65 Million Refinance Loan From Knighthead Funding For Hotel In Montauk
21 Oceanview Terrace
$65,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 1, 2026
About this deal
AI
The property asset involved in this transaction is the Marram Montauk, a beachfront hotel located at 21 Oceanview Terrace in Montauk. The hotel consists of 65 keys and is part of the Montauk market. KSL Capital Partners acquired the property for $78.5 million four years ago.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $65,000,000
- Lender: Knighthead Funding
- Landlord: KSL Capital Partners
- Loan Type: Refinance
- Loan Date: 06/01/2026
Knighthead Funding provided a refinancing loan for the Marram Montauk, marking a significant financial transaction involving this property. This deal illustrates the ongoing relationship between the lender and the landlord in managing the asset's financial structure.
On the Map
$65,000,000
Hotel
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Players
Market Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93