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Represented Strategic Hotels & Resorts, Inc. in connection with its acquisition of the Essex House Hotel and nine residential units at the property; negotiated management agreements with Marriott International, Inc., relating to the conversion of the hotel from a Jumeirah-branded property to the first JW Marriott-branded property in New York City; formed a joint venture with subsidiaries of KSL Capital Partners, LLC; and acquired financing via a $190 million loan from Bank of America, N.A. Our client received the “2012 Single Asset Transaction of the Year” award at the Americas Lodging Institute Investment Summit (ALIS) in recognition of its $362.3 million purchase of the iconic Manhattan hotel.
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