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.
Related Practices
RELATED PEOPLE
Suzanne M. Amaducci-Adams
Partner, Head of Real Estate
MORE EXPERIENCE
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.
VIEW MORE EXPERIENCE