financeLodging Magazine··1 min·For: Owner, Investor, GM, Revenue
Bain and Smith Hill Capital Refinance Miami’s Hotel Cala
Bain Capital and Smith Hill Capital have provided a loan to refinance Hotel Cala in Miami Beach, supporting its comprehensive renovation and strategic rebranding project.
Key Takeaways
- 1Refinance existing debt to fund the property's transition into the upscale lifestyle segment.
- 2Leverage the hotel's prime location on Miami Beach’s 21st Street to capture post-renovation demand.
- 3Monitor the partnership between Bain Capital and Smith Hill Capital as a growing source of alternative debt capital for hotel rebrandings.
Source: Lodging Magazine
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