Smith Hill Capital and Bain Capital has completed a $235 million refinancing for the Gurney’s Montauk Resort & Seawater Spa in Montauk, N.Y., for BLDG Management Co. Inc. and Metrovest Equities.
The 158-key property is a celebrated oceanfront resort located on a 2,000-foot private beach in Montauk, divided between 109 guestrooms, 35 suites, eight beachfront cottages, and six residences. It features five dining venues, a 30,000-square-foot onsite spa with four spa pools, full-size indoor saltwater pool, 20 treatment rooms, salon, state-of-the-art fitness center, and 25,000 square feet of meeting space.
“Gurney’s Montauk represents the type of irreplaceable, generational asset that aligns perfectly with our investment strategy — anchored by strong market fundamentals, exceptional sponsorship, and long-term value creation,” said Brendan McCormick, managing principal, Smith Hill Capital. “Even in today’s uncertain capital markets, we continue actively dep
