Acquisition and Restructuring of the Sovereign Hotel

Soho House Ltd.
Represented Soho House Ltd. in the acquisition of the equity interests in the ownership of the Sovereign Hotel in Miami Beach, modification of the existing construction loan, subdivision of the property, and the receipt of an additional $18 million loan from the Bank of Scotland. The deal closed mid-construction of the 15-story addition and extensive renovations to the project complicating the transaction with construction lien, title and financing issues. Subsequently represented the owner in a refinance with a CMBS lender for $55 million in permanent financing.
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Suzanne M. Amaducci-Adams

Suzanne M. Amaducci-Adams

Partner, Real Estate Practice Group Leader
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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
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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