$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.
Related Topics
Related Practices
RELATED PEOPLE
Scott L. Baena

Scott L. Baena

Senior Special Counsel
Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
Jeffrey I. Snyder

Jeffrey I. Snyder

Partner, Assistant General Counsel
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 Miami...
Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
Representation of LNR Partners, the largest special servicer of commercial mortgage-backed securities (CMBS) loans in the country. LNR services 145 pools of CMBS loans, totaling more than $220 billion in principal and relating to real property interests in all fifty states. We have handled over $4.2...
VIEW MORE EXPERIENCE