Access Point Financial Provide $195 Million Refinancing for The Beekman, A Thompson Hotel

Officials of Access Point Financial (APF), a direct capital provider focused exclusively on the hospitality industry, today announced the company has provided $195 million refinancing for The Beekman, A Thompson Hotel in Manhattan, New York.

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Officials of Access Point Financial (APF), a direct capital provider focused exclusively on the hospitality industry, today announced the company has provided $195 million refinancing for The Beekman, A Thompson Hotel in Manhattan, New York (pictured). (Photo: Business Wire)

“This financing highlights Access Point’s ability to move decisively on hospitality transactions and portfolios of any size and chain scale, from luxury to mid-scale extended-stay and everything in-between,” said Michael I. Lipson, CEO & chairman of the board, APF. “In this capital markets environment, we work tirelessly with owners to provide actionable capital solutions tailored to each situation.”

Located in the heart of Manhattan’s Financial District, the 287-room, luxury lifestyle hotel is affiliated with the Hyatt Thompson Brand and is recognized as one of the top luxury hotels in Manhattan. The hotel was meticulously transformed by GFI from the historic Temple Court building and features irreplaceable character and history with its 9-story atrium lobby and food and beverage offerings from award winning restauranteurs Tom Colicchio and Daniel Boulud. “The APF team was a pleasure to work with, communicative, responsive and able to hit the timelines the transaction required,” said Stan Spiegelman, CIO at GFI. “Our existing relationship, along with the direct communication and collaboration in the process allowed us to come to terms quickly and remove any doubt around execution risk.”

“This demonstrates both our range of capital solutions and our commitment to being a reliable and trusted counterparty,” said James Reivitis, chief development officer, APF. “Our platform delivers the flexibility and capacity to provide single asset and portfolio bridge loans, as well as construction, permanent, mezzanine loans and preferred equity. Our goal is to be top-of-mind for anyone requiring hospitality capital solutions.”

Eastdil acted as an advisor to the sponsor.

About Access Point Financial

Founded in 2011, Atlanta-based Access Point Financial (APF) is a direct, full-service specialty lender focused on the hospitality industry, offering a full-service lending & advisory platform that provides financing to qualified hotel franchisees of all major brands and independent boutique hotels throughout the United States. For additional information and key contacts, please visit www.accesspointfinancial.com.

About GFI Capital Resources Group

Affiliates of GFI Capital Resources Group (collectively “GFI”) have successfully developed more than $3 billion of hospitality, residential, office, and retail real estate since 1983. Led by a senior management team, the company focuses on investments in major metropolitan areas. GFI’s success is directly tied to its ability to identify unique opportunities, envision a new future for the property, and unlock the project’s potential by seamlessly executing the business plan at every stage. Current and past projects include The Thompson Central Park and One11 Residences, The Beekman Hotel and Residences, Ace Hotel Brooklyn, Ace Hotel New York and The James New York NoMad. GFI also has multiple projects outside of New York, primarily in Florida, including The Ascent at Metropolitan Naples and the Ritz-Carlton Residences, Miami Beach. www.gficap.com

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