Hunton & Williams LLP Represents Pebblebrook Hotel Trust and Denihan Hospitality Group Joint Venture in $410 Million Debt Financing
NEWYORK — December 28, 2012 — Hunton & Williams LLP advised a joint venture of Pebblebrook Hotel Trust and Denihan Hospitality Group, which owns six upscale hotels in New York, in its $410 million interest-only, non-recourse secured loan.
The loan has a term of five years and is secured by a first mortgage on the Affinia Manhattan, Affinia Shelburne, Affinia 50, Affinia Gardens and The Benjamin, comprising a total of 1,491 guest rooms. According to Carl Schwartz, chair of Hunton & Williams' New York real estate group, "the loan provides further evidence of the availability of financing for quality hospitality assets in New York and the strength of the Affinia brand in Manhattan."
The Hunton & Williams team is led by Carl Schwartz in New York and includes Jill Blumberg, real estate senior attorney in New York, Jason Zeigler, real estate counsel in Washington, D.C., and Christopher Mangin, a tax associate in Richmond.
About Hunton & Williams LLP
Hunton & Williams LLP provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to more than 800 lawyers serving clients in 100 countries from 18 offices around the world. While our practice has a strong industry focus on energy, financial services and life sciences, the depth and breadth of our experience extends to more than 100 separate practice areas, including bankruptcy and creditors' rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, regulatory law, products liability, and privacy and information management.
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