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Smith Hill Capital, Bain Capital announce $72m financing for Hotel Viking
Transactions - JULY 11, 2024

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Smith Hill Capital, Bain Capital announce $72m financing for Hotel Viking

by RELEASED

Smith Hill Capital and Bain Capital Special Situations announced that the firms’ joint venture originated and executed a $72 million first mortgage loan to KSL Capital Partners to refinance Hotel Viking in Newport, R.I.

The historic 208-room property is located in Newport’s Historic Hill neighborhood inland of the Harbor in downtown Newport, within a short walk to the International Tennis Hall of Fame and water activities on the marina, and a short drive from several local beaches. It features an indoor pool with a whirlpool, fitness center and more than 14,000 square feet of indoor and outdoor event space.

“The closing of the loan for the Hotel Viking underscores our commitment to providing capital for hospitality assets,” said Brendan McCormick, managing principal at Smith Hill Capital. “The Hotel Viking, with its rich heritage, is an iconic landmark, and we are proud to play a role in its continued success and development. It was a true pleasure working wi

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