$65 Million Acquisition and $49.5 Million Financing of the Holiday Inn Downtown Miami

ITC Center Miami, LLC
Representation of ITC Center Miami, LLC in the acquisition and financing of the Holiday Inn Downtown Miami. The transaction involved a complicated debt structure, a short term lease-back to the seller, and an extremely tight time frame to close. Our team secured the financing, which included negotiation of three separate loans with three different lenders, one of which was selected by our client days before closing.
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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 Miami...
Experience
Counsel to debtor in possession in the chapter 11 case of Cabi SMA Tower I LLLP, the developer of a proposed $60 million mixed-use facility on a 2.73-acre entire city block in the Brickell area of Downtown Miami. The case was an extremely contentious chapter 11 which resulted in the confirmation of ...
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...
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