$209 Million Loan Restructuring for Arizona and South Carolina Westin Hotels

LNR Partners

Representation, as co-counsel, of LNR Partners, LLC in the chapter 11 cases of Transwest Properties and its affiliates in the United States Bankruptcy Court for the District of Arizona. LNR Partners served as the special servicer for a $209 million loan made to Transwest Properties in 2008 to finance the acquisition of the Westin hotels in Tucson, Arizona and Hilton Head, South Carolina.

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Suzanne M. Amaducci
Chair, Real Estate
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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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