RLJ Development Funds in the 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 of the 750-room...
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 represented Choice Hotels in negotiating a joint venture agreement with an Och-Ziff Capital Management affiliate, and in its acquisition of Suburban Franchise Holding Co., which added 67 properties and nearly 9,000 rooms to its portfolio.
Arent Fox worked with Marriott International, Inc., in the sale, joint venture and renovation of the Waikiki Beach Marriott Resort in Oahu, Hawaii. The project included securitization of the senior loan by Bank of America, and subsequent multimillion-dollar construction financing and mezzanine loan.
Goldman Sachs and Arent Fox teamed in the disposition of numerous hotels from a portfolio acquired for more than $300 million.
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.
Arent Fox and Fisher Property Group worked together in the acquisition of land in Rockland, MD, for the development and construction of a 121-room Cambria Suites Hotel.
Arent Fox engaged in various real estate investment funds (managed by one of the largest New York investment companies) in the purchase and sale of hotel portfolios throughout the United States.
Arent Fox represented Marriott International Inc. in the acquisition of the Crowne Plaza Oceanfront Hotel, a 193-room hotel located on Singer Island in Palm Beach County for redevelopment into a fractional ownership product.
Arent Fox worked on a case involving multimillion-dollar claims between a contractor and owner arising from a hotel project in Miami Beach.
