**Gurney’s Montauk Refinanced for $235 Million**
BLDG Management Co., Inc. and Metrovest Equities have successfully completed a $235 million refinancing of Gurney’s Montauk Resort & Seawater Spa, located in Montauk, New York. The financing was secured through a joint venture between Smith Hill Capital and Bain Capital, with JLL representing the sponsors in the transaction.
Gurney’s Montauk is a premier oceanfront resort situated on a 2,000-foot private beach. The property comprises a total of 158 accommodations, which include 109 guestrooms, 35 suites, eight beachfront cottages, and six private residences. The sponsors have undertaken extensive renovations across the resort’s 20-acre footprint, enhancing its luxury offerings and amenities.
The JLL Capital Markets team that arranged the financing included Christopher Peck, senior managing director and co-head of the New York office; Kevin Davis, CEO of Hotels & Hospitality Group Americas; Mark Fisher, managing director; and Connor Medzigian, director.
“Smith Hill and Bain proved to be outstanding lending partners on the Gurney’s project,” said Christopher Peck. “The team’s expertise and collaborative approach were invaluable in financing this unique asset.”
