CooperWynn Capital, a hospitality-specific debt and equity capital markets specialist, has arranged the $19.5 million floating-rate non-recourse loan with Formida Capital, an Oaktree backed capital solutions provider formed in November, for the Wylder Windham (N.Y.) Resort.
Built more than 140 years ago, Wylder Hotels acquired the property in 2021, completed a full renovation and reopened it in October 2022. The property has seven different lodging options with 110 guestrooms, from Victorian buildings to historic lodges with mountain and river views. Amenities include a heated outdoor pool and hot tub, pickleball courts, a fitness center, two on-site food-and-beverage outlets and multiple indoor and outdoor event spaces.
“CooperWynn did a great job advising us through the process and were a pleasure to collaborate with,” John Flannigan, founder and CEO, Wylder Hotels, said in a statement.
“The strength of our network allowed us to partner with Formida Capital on their first hospitality loan, closing in under 30 days,” said Stan Kozlowski, principal, CooperWynn Capital. “The Windham Wylder Resort is a property with a compelling history and tremendous potential. Ownership recently completed a comprehensive renovation strategy to elevate the asset, enhancing guest experience and the value of the hotel.”
Located 2.5 hours north of New York City, the Windham Wylder Resort takes up 20 acres. It is surrounded by the Batavia Kill River and has views of Windham Mountain.