$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.
Related Topics
Related Practices
RELATED PEOPLE
Suzanne M. Amaducci-Adams

Suzanne M. Amaducci-Adams

Partner, Real Estate Practice Group Leader
MORE EXPERIENCE
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
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 ...
VIEW MORE EXPERIENCE