Bain Capital and Smith Hill Capital Provide $94 Million Refinancing for the Renovation and Rebranding of 281-Room Hotel Cala in Tampa, Florida
NEW YORK – April 24, 2026 — Bain Capital and Smith Hill Capital (“Smith Hill”), the fully integrated commercial real estate debt investment management business of Procaccianti Companies, today announced the completion of a $94 million refinancing for the renovation and rebranding of a 281-key hotel to be reimagined as Hotel Cala under the Curio […]
Smith Hill Capital and Bain Capital Announce $216 Million Refinancing for 774-Room Westin New York Grand Central
NEW YORK – September 30, 2025 — Smith Hill Capital, the fully integrated commercial real estate debt investment management business of Procaccianti Companies, and Bain Capital today announced the firms’ joint venture completed a $216 million refinancing for the iconic Westin New York Grand Central Hotel. Centrally located in the heart of Midtown Manhattan on […]
Smith Hill Capital and Bain Capital Announce $235 Million Refinancing for Gurney’s Montauk Resort & Seawater Spa
NEW YORK – April 14, 2025 — Smith Hill Capital, the fully integrated commercial real estate debt investment management business of Procaccianti Companies, and Bain Capital today announced the firms’ joint venture completed a $235 million refinancing for the iconic Gurney’s Montauk Resort & Seawater Spa in Montauk, New York for BLDG Management Co., Inc., […]
Smith Hill Capital and Bain Capital Announce $72 Million Financing for Hotel Viking, Historic Newport Property
The historic and iconic 208-room property is located in Newport’s Historic Hill neighborhood inland of the Harbor in the center of 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 […]
Smith Hill Capital and Bain Capital Announce $111 Million Financing for Four-Property Hotel Portfolio
The 954-room portfolio includes 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 joint venture of Smith Hill and Bain Capital, which was formed in 2023 to serve the financing needs of hospitality companies and assets […]
Smith Hill Capital and Bain Capital Announce $57 Million Financing for Embassy Suites by Hilton Nashville Airport
The 305-key property is well-located and maintains close proximity to Nashville International Airport, a 15-minute drive to downtown Nashville, and One Century Place Conference Center. Amenities at the hotel include an airport shuttle, fitness center, business center, indoor pool, complimentary evening reception, and over 6,000 square feet of meeting space. “Despite uncertain market conditions, our […]