Hotel Indigo Acquisition and Financing

We represented hotel investors in the purchase of the Downtown Indigo Hotel in Nashville, TN out of bankruptcy, which involved drafting the purchase agreement utilized in the court approval process, counseling and working through a number of title issues and negotiating the lease agreement with a tenant in the building housing the hotel. We also led the negotiation and closing of the follow on refinancing of the hotel and its renovation with a $12 million term loan and additional mezzanine loan.  Our engagement included negotiating the LLC Agreement with a joint venture partner, structuring the entity reorganization to facilitate resolution of intercreditor issues and working with the mezzanine lender’s counsel to resolve license and comfort letter issues.  

You Also May Be Interested In:

  • Representing the independent Special Committee of Strategic Storage Growth Trust, Inc. (SSGT), in its definitive agreement to merge with Strategic Storage Trust II, Inc., (SST II) in an all-cash merger valued at $340 million expected to close during the first quarter of 2019, subject to customary closing conditions, including the approval of SSGT’s stockholders

    We are representing the independent Special Committee of Strategic Storage Growth Trust, Inc. (SSGT), in its definitive agreement to merge...
    Client Type: Private Company
  • Represented Smyrna Ready Mix Concrete in the refinancing of its senior credit facilities

    We represented Smyrna Ready Mix Concrete in the refinancing of its senior credit facilities. The new credit agreement provides for...
    Client Type: Private Company
  • Represented New Mountain Capital in the $109.5 million sale leaseback of real property located in Indiana, New Mexico, Mississippi, Oregon, Pennsylvania and Mexico with FXI, Inc.

    We represented New Mountain Capital in the $109.5 million sale leaseback of real property located in Indiana, New Mexico, Mississippi,...
    Client Type: Private Company