We represented a hotel fund in connection with its acquisition of the Kimpton Rouge Hotel in Washington, D.C. for $42 million, with anticipated renovation of the entire hotel. Our representation included a $36 million senior loan and a $9 million mezzanine loan.
$42 Million Hotel Acquisition for Hotel Fund
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Representing Tivity Health Inc. (Nasdaq: TVTY), a leading provider of healthy life-changing solutions, in their agreement to be acquired by funds managed by Stone Point Capital, with over $40 billion of assets under management; under the terms of the agreement, Tivity Health stockholders will receive $32.50 in cash per share, representing a total transaction value of $2.0 billion