Metrovest, Lloyd Goldman secure $218M refi on Montauk resort

Deutsche Bank provided loan for 158-key hotel, which the partnership acquired in 2018

Tri-State /
Dec.December 02, 2021 09:00 AM
George Filopoulos, Lloyd Goldman and Gurney’s Montauk hotel (Gurney's, Getty)

George Filopoulos, Lloyd Goldman and Gurney’s Montauk hotel (Gurney’s, Getty)

Gurney's Montauk

Gurney’s Montauk

Metrovest Equities and Lloyd Goldman’s BLDG Management refinanced their luxury resort hotel in the Hamptons to the tune of $217.5 million.

Deutsche Bank provided the loan on Gurney’s Montauk Resort, Commercial Observer reported.

Goldman’s BLDG Management and Metrovest — owned by George Filopoulos — spent about $30 million over the last three years to upgrade the 158-room hotel, which sits on a 2,000-foot-long private beach off Old Montauk Highway.

Improvements include the addition of a “seawater spa” expected to open early next year. The property, about a three-hour drive from Manhattan, includes five restaurants, watersports activities and retail, meetings and events spaces.

BLDG and Metrovest also own the nearby Montauk Yacht Club, which they bought in 2018 and rebranded as the Gurney’s Star Island Resort and Marina, as well as the Gurney’s Newport Resort & Marina, across Long Island Sound in Rhode Island, which the partners acquired in 2017.

Newmark’s Dustin Stolly and Jordan Roeschlaub arranged the financing for Gurney’s Montauk Resort, the publication reported.

Goldman and Metrovest recently secured $110 million from Värde Partners to buy the Sanctuary Camelback Mountain Resort in Paradise Valley, Arizona, according to the Observer, which reported that the partners plan to rebrand it as the Gurney’s Sanctuary Camelback Mountain Resort and Spa.

[CO] — Rich Bockmann





    Related Articles

    arrow_forward_ios
    Jason Rabin and 70 Cobb Road, Water Mill, NY (Google Maps, LinkedIn)
    Southampton compound sells for $118.5M
    Southampton compound sells for $118.5M
    Land trust snags 100 acres in red-hot North Fork for “bargain”
    Land trust snags 100 acres in red-hot North Fork for “bargain”
    Land trust snags 100 acres in red-hot North Fork for “bargain”
    Tyler Whitman, licensed real estate salesperson, The Whitman Team @ Triplemint; and 43 Garden Street (Corcoran, Triplemint, iStock)
    “Million Dollar Listing” star buys instead of selling
    “Million Dollar Listing” star buys instead of selling
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    East End homebuyers face tightest market ever
    East End homebuyers face tightest market ever
    Southampton Town supervisor Jay Schneiderman (jayschneiderman.com, Google Maps)
    Southampton Town considers buying 40 acres
    Southampton Town considers buying 40 acres
    From left: Bruce Blakeman, Nassau County Executive, and Laura Curran, former Nassau County Executive (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
    Nassau County freezes assessments after home-price surge
    Nassau County freezes assessments after home-price surge
    Michael Fulfree and Bianca D’Alessio of Nest Seekers International (Nest Seekers)
    They can sell the Hamptons. But can they sell “Selling the Hamptons”?
    They can sell the Hamptons. But can they sell “Selling the Hamptons”?
    East Hampton Town Supervisor Peter Van Scoyoc and 395 Pantigo Road in East Hampton (EHamptonNY.gov, Zillow, iStock)
    East Hampton Town officials vow affordable housing action
    East Hampton Town officials vow affordable housing action
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...