JLL Arranges $235M Loan for Refinancing of Long Island Hotel, Resort

Smith Hill Capital and Bain Capital Announce Refinancing for Gurney's Montauk Resort

NEW YORK—Smith Hill Capital and Bain Capital announced that the firms’ joint venture completed a $235 million refinancing for Gurney’s Montauk Resort & Seawater Spa in Montauk, New York for BLDG Management Co., Inc., and Metrovest Equities. The 158-key property is an oceanfront resort located on a 2,000-foot private beach in Montauk, divided between 109 guestrooms, 35 suites, eight beachfront cottages, and six residences, and includes five dinin…

JLL Arranges $235M Loan for Refinancing of Long Island Hotel, Resort

MONTAUK, N.Y. — JLL has arranged a $235 million loan for the refinancing of the 20-acre Gurney’s Montauk Resort & Seawater Spa, located on the eastern tip of the Long Island peninsula. The property’s hospitality component totals 158 units: 109 guestrooms, 35 suites, eight beachfront cottages and six residences. In addition to a 2,000-foot private beach, the resort features five onsite food-and-beverage venues, four pools, a salon, 25,000 square …