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Hospitality & Recreation

The Goulston & Storrs Hospitality and Recreation group draws from many different disciplines within the firm to represent developers, management companies, lenders, franchisors, franchisees and equity investors in hotel, resort and golf course developments. Our attorneys also represent numerous financial institutions in making both construction and permanent loans on hotels and other recreational projects. Since tax and transactional attorneys work together as members of this group, we are frequently involved in structuring sophisticated transactions that maximize the tax planning opportunities of our clients.

We assist all players in the hotel and recreation services industry. For our developer clients, we provide all services necessary in a hotel, resort or golf course development. We routinely represent owners, both domestically and internationally, in all aspects of site acquisition (including ground leases), development, construction, finance, joint venture, equity placement, investor relations, purchasing of FF&E, management and franchise agreements, creation of hotel condominiums and related offering documents. Our representation of hotel management companies includes preparation and negotiation of hotel management agreements, franchise agreements, leases with owners, mezzanine loans, equity investments, technical services agreements, construction agreements and purchasing agreements for national buying programs. Our long term experience spans all relevant industry cycles and trends, including ground-up development, acquisition and repositioning, conversion to or from hotel use, eco-tourism, interval ownership, extended-stay, hotel condominiums, workout and sale.

Members of our Hospitality and Recreation group have considerable experience in all aspects of ownership structuring and tax planning, and we regularly counsel both public and private investors in hotel and other recreational projects, including pension and opportunity funds. Chambers USA sources recognize the group's client service, "they really understand us which enables us to move expeditiously and not have to bring them up to speed on deals."

For further information about the Goulston & Storrs Hospitality & Recreation group, please contact our group Co-Chairs, Cecilia Gordon and John Ratino.

Representative Clients

  • AIG Global Real Estate
  • Beacon Capital Partners
  • Capital Properties
  • Carr Properties
  • Chatham Lodging Trust
  • Cornerstone Real Estate Advisers
  • CrossHarbor Capital Partners LLC
  • Dart Enterprises
  • Fairmont Hotels & Resorts
  • Hilton Hotels Corporation
  • Hyatt Hotels and Resorts
  • Mirbeau Hospitality
  • New Castle Hotels & Resorts
  • New England Development
  • Newport Hospitality Group
  • Pebblebrook Hotel Trust
  • Pinehills LLC
  • Pyramid Hotel Group

Representative Projects and Transactions

  • Representation of Pyramid Hotel Group with respect to hotel management agreements, asset management agreements and/or project management agreements for over 60 hotels located throughout the United States.
  • Representation of Pyramid Hotel Group as co-receiver and hotel manager of The Westin Casuarina Resort & Spa, Grand Cayman. 
  • Representation of  Pyramid Hotel Group as receiver and hotel manager or asset manager for hotels located in CA, FL, LA, NV, OH and VA.
  • Representation of Pyramid Hotel Opportunity Venture and Pyramid Hotel Opportunity Venture II in connection with numerous franchise agreements with Marriott, Crowne Plaza, Hilton and Starwood Hotels. 
  • Representation of Pyramid Hotel Group in connection with its ground leasing of the Marriott Residence Inn on Boston Harbor at Tudor Wharf, and fee and leasehold mortgage refinancing arranged by Citigroup Global Markets.
  • Representation of Pyramid Hotel Group as asset manager for Paulson & Co., and then as liquidating trustee, in the MSR Hotels & Resorts bankruptcy and the sale of assets out of bankruptcy to the Government of Singapore Investment Corp. (GIC) for $1.5B; and as hotel manager in connection with a hotel management agreement with GIC for the Claremont Hotel Club & Spa, Berkeley, CA.
  • Representation of Pyramid Hotel Group in the formation of a joint venture with Archon Group and Eastrock Capital to acquire The Westin Orlando, Universal Boulevard, and in the negotiation of a hotel management agreement with the joint venture pursuant to which PHG will manage the hotel.
  • Representation of Pyramid Hotel Group in connection with joint venture and hotel management arrangements with General Electric Pension Trust incident to the acquisition of a 5 Hotel portfolio from a joint venture between Morgan Stanley and Pyramid; and represented the Pyramid/General Electric Pension Trust joint venture in connection with liquor license transfers and franchise arrangements with Marriott and Hilton in connection therewith. 
  • Representation of Pyramid Hotel Group in connection with asset management arrangements with respect to the Grand Wailea Resort Hotel & Spa in Maui, the Arizona Biltmore Resort & Spa in Phoenix, LaQuinta Resort & Club in Palm Springs, the Doral Golf Resort & Spa in Miami, the Ritz Carlton Orlando, Grande Lakes, the J.W. Marriott Orlando, Grande Lakes and the J.W. Marriott Desert Ridge Resort & Spa in Scottsdale; and representation of Pyramid Hotel Group in connection with hotel management arrangements for the Claremont Resort & Spa in Berkeley, CA. 
  • Coordination of the transfer of existing liquor licenses and application for new liquor licenses at hotels operated by Pyramid Hotel Group and located across the United States.  

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