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Smith Hill Capital, Bain Capital announce $111m financing for four-property hotel portfolio
Transactions - JUNE 5, 2024

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Smith Hill Capital, Bain Capital announce $111m financing for four-property hotel portfolio

by Released

Smith Hill Capital and Bain Capital Special Situations have successful closed a $111 million first mortgage loan secured by a portfolio of four hotel properties.

The 954-room portfolio includes the Marriott Bridgewater in Bridgewater, N.J.; W Atlanta Downtown in Atlanta; Embassy Suites Walnut Creek, in Walnut Creek, Calif.; and Embassy Suites Flagstaff, in Flagstaff, Ariz.

The financing was originated and executed by the joint venture of Smith Hill and Bain Capital, which was formed in 2023 to serve the financing needs of hospitality companies and assets in demand-driven markets across the United States. The partnership combines decades of industry and capital markets experience with attractive market opportunity.

“The closing of the loan for this hotel portfolio underscores our commitment to navigating the complexities of today’s financial market,” said Brendan McCormick, managing principal, Smith Hill Capital. “Our team’s deep understanding of the ho

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