**Gurney’s Montauk Resort Secures $235M Refinancing Deal**
BLDG Management Co., Inc. and Metrovest Equities have successfully completed a $235 million refinancing of Gurney’s Montauk Resort & Seawater Spa, an iconic oceanfront destination in Montauk, New York. The financing was arranged by JLL, representing the sponsors and securing capital from a joint venture between Smith Hill Capital and Bain Capital.
Situated on a 2,000-foot private beach, Gurney’s Montauk Resort is a renowned luxury property featuring a total of 158 units. These include 109 guestrooms, 35 suites, eight beachfront cottages, and six private residences. The sponsors have made significant investments in comprehensive renovations across the expansive 20-acre site, enhancing the resort’s amenities and guest experience.
The JLL Capital Markets team managing the transaction included Christopher Peck, senior managing director and co-head of the New York office; Kevin Davis, CEO of the 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 Peck. “The team’s expertise and collaborative approach were invaluable in financing this unique asset.”
