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$412 Million Refinancing of Miami Beach Hotel

Miami Beach Hotel
Co-counsel to Miami Beach hotel in the restructuring of its debt through a $412 million Wall Street bond issuance, as part of restructuring of hotel's entire capital stack. This was the first time in nearly a decade that this type of financing had been done in the CMBS world, where a single loan secured by one asset constituted the entire pool.
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Robert M. Siegel

Robert M. Siegel

Partner, Head of Commercial Finance
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Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
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 an energy companyin its $9.45 billion all-cash acquisition of another energycompany, resulting in the creation of the largest utility holding company in the United States.
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