Acquisition and Demolition of Major Bankrupt Hotel in Miami

Hotel and Conference Center Developer

Representation of buyer in acquisition of one of the largest suburban hotels in Miami, Florida. The sale was accomplished through a combination of stay relief in a chapter 7 case, completion of a foreclosure sale, and the subsequent acquisition from the foreclosing lender. Post-acquisition, the buyer closed and demolished the hotel.

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Suzanne M. Amaducci
Chair of Real Estate & Finance
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Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Experience
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Experience
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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