Restructuring of $80 Million Loan Secured by New Orleans Hotels

Special Servicer
Representation of special servicer in the restructuring an $80 million loan secured by two hotels in New Orleans. Worked with both existing and new borrower in connection with property sale and assumption of the loan. One of the hotels, the Astor Hotel, gained national recognition as the first hotel to house FEMA workers and first responders in the wake of Hurricane Katrina.
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Suzanne M. Amaducci-Adams
Partner, Head of Real Estate
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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 an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Experience
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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