- Developed by Taavo Somer, Michael Barry, Lee Pollock, CBSK and Post Company, the Hotel first opened in Fall 2021;
- Situated in the town of Accord in New York’s Hudson Valley, Inness is home to a 40-key hotel, restaurant, member’s club, golf course, and an abundance of leisure activities;
- The $22m loan from OakNorth will be used to refinance existing debt, as well as support the development of an additional 20 individual cabins across the site;
- The site also benefits from proximity to top-tier attractions including Minnewaska State Park and Mohonk Preserve.
New York, 15 September, 2025; OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a $22m loan to Inness, the 220-acre upstate New York luxury getaway.
Since opening in Fall 2021 following its development by Taavo Somer, Michael Barry, Lee Pollock, CBSK and Post Company, INNESS has become a leading lifestyle destination for New York residents seeking high-end leisure escapes. Situated in the town of Accord in New York’s Hudson Valley, the resort combines a boutique 12-room farmhouse and 28 standalone cabins with a wide array of amenities, including a full-service spa and wellness center, two saltwater pools, hardcourt tennis courts, hiking trails, a curated retail shop, and a nine-hole golf course. Guests and members also enjoy a chef-driven Mediterranean restaurant, a three-acre organic farm, and an event barn hosting weddings and cultural gatherings. The site also benefits from proximity to top-tier attractions including Minnewaska State Park and Mohonk Preserve, and is two-hour drive from New York City, making it a convenient weekend getaway for urban residents.
Robert Verrone and Tal Savariego of Iron Hound Management Co represented the Borrower on the debt placement for this transaction.
Michael Barry, Principal at Ironstate Development and co-founder of INNESS, added: “Our vision has always been to create more than just a hotel. We wanted INNESS to be a place where visitors could reconnect with nature, enjoy world-class dining, wellness and recreation, and experience the best of the Hudson Valley. With the support of Max and the OakNorth team, we can continue to invest in enhancing our offering, from expanding room capacity to further developing the guest experience. We value OakNorth’s partnership and their clear understanding of the region’s hospitality and commercial real estate sectors.”
Max Saidman, Director of Debt Finance at OakNorth, added: “INNESS represents a standout asset in the Hudson Valley, offering a highly curated blend of hospitality, wellness, recreation, and cultural experiences. With the combination of farmhouse rooms, luxury cabins, spa, golf course, and farm-to-table dining, it caters to a broad mix of guest and member needs while maintaining premium positioning. The sponsors bring deep experience in luxury hospitality and real estate, and we’re delighted to support them with a facility that not only strengthens the resort’s capital structure but also positions it for future growth.
ENDS
Notes to editors
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £1m-£100m in turnover), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $18bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 56,000 jobs, and over 34,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
For press inquiries, please email: [email protected]