$610 Million Sale of 1 Hotel South Beach

Entity Comprised of Starwood Capital and the LeFrak Organization

Representation of an entity comprised of Starwood Capital and the LeFrak Organization in the $610 million sale of the 1 Hotel South Beach, one of South Beach's largest oceanfront luxury resort properties, to Bethesda, Maryland-based Host Hotels & Resorts. The hotel totals 1.1 million square feet, including 160,000 square feet of meeting space, eight food and beverage outlets, and 23,000 square feet of retail.

Related Topics
Related Practices

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...

Representation of 900 Collins Avenue in its efforts to build a multimillion-dollar development on a property with a protected historic building. We successfully obtained a writ of mandamus requiring the City of Miami Beach to issue a permit allowing the demolition of the historic structure, which th...