Smith Hill Capital, the fully integrated commercial real estate debt investment management business of Procaccianti Companies, and Bain Capital have completed a $216 million refinancing for the Westin New York Grand Central Hotel.
Centrally located in the heart of Midtown Manhattan on East 42nd Street, one block from Grand Central Terminal, the hotel is within walking distance of top office tenants, tourist landmarks, and major transit access points. The 774-key Westin New York Grand Central features 18,750 square feet of flexible meeting and event space, a full-service restaurant — Amuse Marketplace & Bar — as well as a fitness center and valet parking. The property was acquired by its current ownership in 2019 and underwent extensive renovations in 2021.
“The Westin Grand Central is a flagship property in one of the world’s most dynamic lodging markets. Its proximity to Grand Central Terminal and Midtown’s largest employers makes it a cornerstone asset
