$65 Million Acquisition and $49.5 Million Financing of Downtown Miami Hotel

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 PEOPLE
Suzanne M. Amaducci
Chair, Real Estate
MORE EXPERIENCE
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
Representation of diversified automotive company in over $3.8 billion of various financing matters including the securitization of retail and lease installment contracts, and negotiation of working capital lines of credit and conduit lending facilities.
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