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Counsel to Mortgage Lender on New York City Hotel

Mortgage lender on the W Hotel in Union Square in New York City
Counsel to mortgage lender on the W Hotel in Union Square in New York City. This case, filed in the Delaware Bankruptcy Court, posed a number of unique legal issues because the hotel parent entities were the debtors in the case but the hotel borrower was not in bankruptcy. During the course of the bankruptcy, we successfully defended the lender's position and prevented the debtors from altering the terms of the governing mortgage loan and management agreements.
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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader