Smith Hill Capital and Bain Capital Announce $111 Million Financing for 4-Property Resort Portfolio Together with the W Atlanta Downtown Resort

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Smith Hill Capital and Bain Capital Announce 1 Million Financing for 4-Property Resort Portfolio Together with the W Atlanta Downtown Resort

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  • Smith Hill Capital and Bain Capital Announce $111 Million Financing for 4-Property Resort Portfolio Together with the W Atlanta Downtown Resort


    W Atlanta Downtown Resort – Picture Credit score Marriott   

Smith Hill Capital, the totally built-in business actual property debt funding administration enterprise of the Procaccianti Firms, and Bain Capital Particular Conditions final week introduced the profitable closing of an roughly $111 million first mortgage mortgage secured by a portfolio of 4 high-quality resort properties.

The 954-room portfolio contains the Marriott Bridgewater in Bridgewater, NJ; W Atlanta Downtown in Atlanta, GA; Embassy Suites Walnut Creek in Walnut Creek, CA; and Embassy Suites Flagstaff in Flagstaff, AZ.

The financing was originated and executed by the three way partnership of Smith Hill and Bain Capital, which was fashioned in 2023 to serve the financing wants of hospitality corporations and belongings in demand-driven markets throughout the U.S. The partnership combines a long time of trade and capital markets expertise with a extremely enticing market alternative.

“The closing of the mortgage for this resort portfolio underscores our dedication to navigating the complexities of at this time’s monetary market,” mentioned Brendan McCormick, Managing Principal, Smith Hill Capital. “Our crew’s deep understanding of the hospitality trade, mixed with our partnership with Bain Capital, allowed us to construction a deal that met the wants of our borrower. It was a pleasure working with the sponsorship group, who was represented by the JLL Motels & Hospitality crew.” 

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