Seattle Marriott acquisition

Joint Venture

Our attorneys represented a joint venture in a $92 million acquisition of a Marriott hotel in Seattle, along with related joint venture documentation and Marriott franchise agreement. As part of the transaction, we also advised the client in the $82.7 million acquisition financing, which included approximately $21 million in future advances for hotel renovation, the negotiation of the joint venture documentation, hotel management agreement, asset management agreement, development agreement, and the Marriott franchise agreement.

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