Arent Fox represented the Buccini/Pollin Group when it sought financing for the Homewood Suites property in Newark, NJ.
Curzon Development Corp. selected Arent Fox in the refinancing of two permanent loans for hotels in Alexandria and Falls Church, VA.
Arent Fox worked on behalf of Cafritz Interests in the refinancing of the River Inn, a 126-suite hotel located in Washington, DC.
Arent Fox worked with Northridge Capital in the refinancing of the Sky Hotel, a 90-room ski resort hotel located in Aspen.
RWN Development Group and Arent Fox teamed in the negotiation of construction financing loans from the Maryland Department of Housing and Urban Development and Harvest Bank, secured by the Hotel Brexton in Baltimore. RWN Development Group received the 2010 Historic Preservation Award from The Board of Directors of Baltimore Heritage, Inc., for the hotel.
OTO Development and Arent Fox worked together in negotiating the construction financing for a 206-room hotel within an air rights parcel in the Constitution Square development in Washington, DC.
Arent Fox has represented RLJ Development Funds’ acquisition and disposition of over 220 hospitality assets worth in excess of $4 billion, including the acquisition of a portfolio of nearly 100 hotels from White Lodging Services Corporation; the disposition by merger of an entity owning 22 hotels; the disposition of six Homewood Suites hotels for $73 million; the $335 million acquisition
Arent Fox joined with OTO Development in the restructuring and cross-collateralization of a $21 million loan from First Horizon Bank and First Tennessee Bank secured by hotel properties in Virginia and Florida.
Arent Fox represented RLJ Development Funds in the renewal, assignment, and amendment of franchise and management agreements for nearly 100 hotel properties acquired from White Lodging Services Corporation.
Marriott International, Inc., and Arent Fox teamed in the acquisition of the Grand Cayman Marriott Beach Resort, a 304-room resort hotel located in Grand Cayman, British West Indies.