Sale of luxury resort
Our attorneys represented a real estate investment fund in the sale of a full-service luxury resort located on Paradise Island in the Bahamas. The fund had acquired the resort in connection with the settlement of a defaulted financing and had operated the property as REO for approximately two years. A number of unique issues had to be addressed in order to reposition the property to function as a stand-alone hotel and resort. Arnold & Porter handled all aspects of the disposition.