Gurney’s Montauk Resort & Seawater Spa in Montauk, NY Secures $235 Million Refinancing

• Smith Hill Capital and Bain Capital have refinanced the Gurney’s Montauk Resort & Seawater Spa for $235 million.
• The oceanfront resort includes 158 units, five dining venues, a 30,000 square foot spa, and 25,000 square feet of meeting space.

Smith Hill Capital and Bain Capital have announced a successful joint venture, which resulted in a $235 million refinancing for the iconic Gurney’s Montauk Resort & Seawater Spa in Montauk, New York. The refinance was completed on behalf of BLDG Management Co., Inc. and Metrovest Equities.

Situated on a 2,000-foot private beach, the 158-key oceanfront resort is divided into 109 guestrooms, 35 suites, eight beachfront cottages, and six residences. The property also boasts five dining venues, a 30,000-square-foot onsite spa with four spa pools, a full-size indoor saltwater pool, 20 treatment rooms, a salon, a top-of-the-line fitness center, and 25,000 square feet of meeting space.

Brendan McCormick, Managing Principal at Smith Hill Capital, expressed that Gurney’s Montauk is an irreplaceable, generational asset that perfectly aligns with their investment strategy. He highlighted the resort’s strong market fundamentals, exceptional sponsorship, and potential for long-term value creation, even amidst current market uncertainty. 

This refinancing deal underscores the continued resilience and appeal of the hotel and resort industry despite the challenges posed by the current economic context. Gurney’s Montauk Resort & Seawater Spa’s iconic status and strategic location, paired with its comprehensive amenities, make it a compelling investment in the eyes of Smith Hill Capital and Bain Capital.