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New York & Tri-State  + Downtown New York  + Hospitality  |  February 1, 2022
GFI Capital Resources has obtained a $195-million refinancing of the Beekman Hotel in Lower Manhattan
Paul Bubny
By: Paul Bubny

GFI Secures $195M Refi on Beekman Hotel 

An affiliate of GFI Capital Resources completed a $195-million refinancing of The Beekman, a Thompson Hotel managed by Hyatt Hotels Corporation. The deal included a $130-million senior loan with Bank OZK arranged by Newmark and a $65-million subordinate financing raised from bond investors on the Tel Aviv Stock Exchange.   

“The refinancing is a validation of the demand for this award-winning hotel that has been a hotspot for cocktails, events and stays by New Yorkers and visitors to New York since it opened its doors,” said Allen Gross, chairman & CEO of GFI Capital Resources.  

He continued, “The Beekman Hotel is unique and a stunning gem in our portfolio that has weathered the worst of the pandemic. After a positive Q4, we are beginning 2022 in a strong position to capitalize on the expected rebound of business and leisure travel to New York.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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