$195 Million Refinancing for Manhattan’s The Beekman Hotel Secured

Access Point Financial (APF), a capital provider specializing in the hospitality industry, has announced the provision of $195 million in refinancing for The Beekman, A Thompson Hotel. This luxury hotel, located in Manhattan, New York, is affiliated with the Hyatt Thompson Brand.

APF’s CEO and chairman of the board, Michael I. Lipson, expressed that the company’s flexible platform allows them to provide a variety of financial solutions, from single asset and portfolio bridge loans to construction, permanent, mezzanine loans, and preferred equity. He emphasized that APF is committed to working closely with clients, providing them with customized capital solutions.

The Beekman is a 287-room luxury hotel in Manhattan’s Financial District. It has considerable historical significance, having been transformed by GFI from the Temple Court building. The hotel features a 9-story atrium lobby and dining options from award-winning restaurateurs Tom Colicchio and Daniel Boulud.

Stan Spiegelman, CIO of GFI, lauded APF’s team for their communication, responsiveness, and ability to meet the transaction’s required timelines. He highlighted the importance of their relationship and direct collaboration in successfully concluding the deal, eliminating any execution risk.

James Reivitis, APF’s chief development officer, reiterated the company’s commitment to offering a wide range of capital solutions. Like Lipson, he emphasized the flexibility and capacity of APF’s platform, aiming to make the company a go-to choice for those in need of hospitality capital solutions.

Eastdil advised the sponsor of this transaction. In the constantly evolving capital markets environment, APF’s successful refinancing of The Beekman illustrates the company’s ability to provide decisive financial solutions across any size and chain scale in the hospitality sector.