Brendan McCormick Of Smith Hill Capital Lends $72M For Hotel Viking Refinance

The Hotel Viking, a 208-room hotel located at 1 Bellevue Avenue in Newport, RI, has been refinanced with a $72 million first mortgage loan from Smith Hill Capital and Bain Capital Special Situations. The property, situated in Newport's Historic Hill neighborhood, offers extensive amenities and event spaces.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $72,000,000
• Lender: Brendan McCormick - Smith Hill Capital
• Landlord: Eric Resnick - KSL Capital Partners
• Address: 1 Bellevue Avenue
• Market: Newport, RI
• Loan Type: Refinance

Brendan McCormick of Smith Hill Capital and Eric Resnick of KSL Capital Partners were the key individuals involved in the refinancing deal for the Hotel Viking. Smith Hill Capital and Bain Capital Special Situations collaborated to provide the substantial loan amount, ensuring the successful refinance of the historic hotel.