Hospitality Industry Services and Counsel
Extensive experience in the hospitality industry, involving hotel acquisitions, dispositions and financings, management and franchise agreements, and public offerings. Advise real estate investment trusts as well as other public and private companies with regard to their acquisitions, dispositions, financings and development projects. Counsel clients across all areas of the commercial real estate industry, including, hospitality, resort, multi-family, office, industrial, and specialized use properties.
Publicly Traded Real Estate Investment Trust and Joint Venture Acquisitions, Developments, Sales
Representation of a publicly traded real estate investment trust in the acquisition of a boutique hotel with an attached, six-story parking garage totaling 282,000 square feet as well as a vacant, urban parcel for $260M. Also worked with a joint venture to file a proposal for the redevelopment of the vacant parcel into a new residential building with ground floor retail. Represented a REIT on the sale of the vacant site to the JV for $6M and various other matters in connection with its ownership of the hotel.
Foreign Bank and Affiliates in $115M Refinancing of Ritz-Carlton D.C.
Representation of a foreign bank and its affiliates as lenders in connection with the $115M refinancing of the Ritz-Carlton, Washington, D.C., 265,000-square-foot, 300-room luxury hotel comprising part of a commercial condominium in the West End neighborhood of Northwest Washington, D.C..
Qatari Investment Firm in $52.4M Acquisition of D.C. Hotel
Representation of a Qatari investment firm in connection with its $52.4M ($325,465 per key) acquisition of the 161-room, full-service hotel in Washington, D.C.’s Farragut. We also represented the client in connection with a $32.4M purchase money loan from Bank of America.
Lodging Real Estate Investment Trust Hotel Reconfigurations and Air Rights
Representation of a lodging real estate investment trust in connection with the physical reconfiguration of hotel properties and the purchase of certain related air rights.
Boston Properties Agreements
Representation of Boston Properties in connection with a joint venture with the Bernstein Companies (the land owner) and the development of the 722,000 rentable square-foot Marriott World Headquarters Office Building and a Marriott Flagship Demonstration Hotel in Bethesda, MD. Also negotiated the joint venture agreement, the land contribution agreement, and the site development agreement, as well as various ancillary documents.
D.C.-Based Real Estate Development Company Mixed-Used Building Agreements
Representation of a Washington D.C.-based real estate development company in the negotiation of a joint venture and development agreement for the construction of a mixed-use building in Washington D.C. that will include a luxury boutique hotel and a senior apartment project.
$1.2B Class A Office Property Portfolio
Represent client in reorganization and recapitalization of $1.2B Class A office property portfolio.
$1B Hotel Property Joint Venture
Negotiate joint venture to acquire a billion-dollar hotel property portfolio.
Tax-Deferred Real Estate Transactions
Represent clients with regard to tax-deferred real estate transactions, including operating partnership unit transactions and Section 1031 exchanges.
Joint Venture Agreements
Negotiate joint venture agreements between numerous public and privately held companies. Significant experience with regard to corporate real estate restructurings.
Real Estate Tax Credit Transactions
Represent syndicators, sponsors and investors in low-income housing tax credit and historic rehabilitation tax credit transactions, consisting of both single property investments and multifamily funds.