Arent Fox represented the Buccini/Pollin Group when it sought financing for the Homewood Suites property in Newark, NJ.
Arent Fox represented RLJ Development Funds in the mezzanine and mortgage-backed financings, refinancings, loan modifications, loan purchases, loan assumptions, and loan defeasances involving more than $2 billion in debt in connection with various hospitality ventures.
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.
Arent Fox maintains a strong track record in the hospitality industry, including a 20-year relations with Cafritz Interests.
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.
Marriott International, Inc., worked with Arent Fox in connection with the development and financing of Marriott's largest worldwide resort, the Grande Lakes Resort & Spa in Orlando, FL. The project included multimillion-dollar construction financing and mezzanine loan, and the subsequent sale of the mezzanine loan and refinancing of the senior loan.
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.