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-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
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Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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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...
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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.
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