$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.
Related Topics
Related Practices
RELATED PEOPLE
Suzanne M. Amaducci-Adams

Suzanne M. Amaducci-Adams

Partner, Real Estate Practice Group Leader
Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
MORE EXPERIENCE
Experience

Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Mi...

Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
VIEW MORE EXPERIENCE