Smith Hill Capital and Bain Capital Announce $235 Million 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 dining venues, a 30,000 square foot onsite spa […]

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