Los Angeles Marriott acquisition

Joint Venture

Our attorneys represented a joint venture in connection with the acquisition of the Los Angeles Marriott Burbank Airport Hotel and Convention Center, along with related joint venture documentation, Marriott franchise agreement, and senior and mezzanine financing in the aggregate amount of $90 million. A central part of this transaction included the client’s acquisition of an adjacent parcel of land to be re-zoned and developed with two additional hotels containing approximately 200 hotel rooms each.

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