$22 Million Distressed Hotel Acquisition by Private Equity Fund
Ridge Hill Holdings
Representation of Ridge Hill Holdings, a wholly-owned subsidiary of Blue Ridge Capital, in the acquisition of the defaulted loan on the Cavalier Hotel and the prosecution of a foreclosure action. The hotel owner filed for bankruptcy protection and we successfully obtained relief from the automatic stay, allowing Ridge Hill to acquire the hotel at a foreclosure sale.
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General Counsel, Head of Bankruptcy, CMBS Litigation and Workouts
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Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Debtors' counsel to Fontainebleau Las Vegas Holdings, LLC, and two of its affiliates in their chapter 11 cases in the Southern District of Florida. The debtors had over $2 billion of funded debt, had used $500 million of equity, and were prosecuting claims for $800 million in unpaid additional finan...