Smith Hill Capital and Bain Capital have completed a $235 million refinancing deal for Gurney's Montauk Resort & Seawater Spa, recognizing it as a valuable asset in the high-demand luxury hospitality market.

Target Information

The Gurney's Montauk Resort & Seawater Spa is a prestigious oceanfront destination located in Montauk, New York. With 158 rooms that include 109 guestrooms, 35 suites, eight beachfront cottages, and six luxury residences, the resort is renowned for its prime location along a 2,000-foot private beach. Its offerings also encompass five exquisite dining venues, a comprehensive 30,000 square foot spa equipped with four spa pools, a full-size indoor saltwater pool, 20 treatment rooms, a salon, a state-of-the-art fitness center, and a substantial 25,000 square feet of meeting space, making it a premier luxury destination in the area.

Industry Overview

The hospitality industry in New York has experienced significant growth, particularly in luxury accommodations, driven by both domestic and international tourism. The region attracts millions of visitors annually, drawn to its unique blend of natural beauty, cultural offerings, and high-end amenities. Montauk, specifically, has emerged as a favored getaway spot, characterized by its picturesque beaches and upscale vacation experiences. As a result, the demand for luxury resorts like Gurney's Montauk continues to rise, strengthening the sector's resilience even during times of economic uncertainty.

Despite challenges such as increased competition and the ongoing impact of global events, New York remains a hotspot for real estate investment in the hospitality sector. The strong local economy and affluent cliente