Acquisition and Financing of Miami Beach Hotel
CL Hotels
Representation of CL Hotels in its $26 million acquisition and financing of the Circa 39 Hotel in Miami Beach, Florida, which also involved the assumption of a ground lease on a neighboring lot from a third party. Also negotiated a franchise agreement with IHG Hotels & Resorts for the hotel to be the second one branded with IHG’s “Vignette Collection” brand, assisted with related corporate fund structuring, and advised on portfolio interest tax structuring.
Related Practices
RELATED PEOPLE
Partner
Partner
Partner
Associate
Associate
MORE 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...
Representation of diversified automotive company in over $3.8 billion of various financing matters including the securitization of retail and lease installment contracts, and negotiation of working capital lines of credit and conduit lending facilities.
Representation of real estate fund client in the private placement securities offering of a flagship private equity fund comprised of two separate real estate funds, one focused on debt investments and the other focused on direct residential and commercial investments. The funds' structures include ...