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$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, Head of Real Estate
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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...
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 ...
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