CHICAGO, Ill. (December 31, 2014) - Perkins Coie represented a joint venture managed by Strategic Hotels & Resorts, Inc. (NYSE:BEE), a real estate investment trust (REIT) which owns and provides value enhancing asset management of high-end hotels and resorts in the United States and Europe, in the closing of a $225 million limited recourse loan secured by the JW Marriott Essex House Hotel in New York City. The joint venture is comprised of Strategic Hotels & Resorts and various funds managed by KSL Capital Partners. The new financing replaces the $185.8 million financing previously encumbering the property.

Led by Chicago partner Bruce Bonjour, the Perkins Coie team included Chicago partners Kurt Neumann and Ed Wicks; Washington, D.C. counsel Darvin Davitian; Chicago counsel Melissa Oka and Chicago associate Jaime Willis.

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