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Greenberg Traurig Represents BLDG Metro Capital LLC in $111 Million Acquisition of Washington, D.C. Hotel

WASHINGTON, D.C. – March 7, 2019 – Global law firm Greenberg Traurig, LLP Shareholders Gary S. Kleinman, Farah S. Ahmed, and Nelson F. Migdal, Of Counsel Samantha Ahuja, and Associates Karen L. Geringer and Rosemarie Salguero represented a joint venture of BLDG Management Co. and Metrovest Equities, Inc. in its $111 million purchase of a 343-room hotel in Washington, D.C. on Feb. 14, 2019 from Pebblebrook Hotel Trust. Kleinman and Ahmed led the attorney team, Migdal and Ahuja assisted on hotel transition matters and Salguero assisted on liquor licensing matters.

“We were very pleased to be able to assist our hospitality clients in all aspects of this important sale, including the hotel management elements of the acquisition,” Migdal said.

Kleinman, Migdal, Ahmed, and Ahuja are members of the firm’s global Real Estate Practice. In addition, Migdal and Ahuja are members of Greenberg Traurig’s Hospitality Group, with Migdal serving as co-chair. The Hospitality Group advises developers, owners, and operators of hotel, resort, and club properties, as well as governments, private government corporations, governmental and private financial institutions, and financial consultants, on virtually all aspects of their involvement in the hospitality industry globally.

Kleinman is a commercial real estate attorney with wide-ranging experience in virtually all aspects of real estate law, including structured financing on behalf of borrowers and lenders, debt restructuring and workouts, land acquisition and development, dispositions of commercial, industrial and multi-family real estate, and the acquisition and disposition of multi-asset portfolios of loans and real properties.

Migdal focuses his practice on the acquisition and disposition of hotels, hotel operations and management, franchising, licensing and branding, development and finance, large mixed-use projects, hotel management agreements, licensing agreements, commercial real estate acquisition and sale, and commercial leasing.

Ahmed focuses her practice on real estate and real estate finance transactions. She has a broad range of local, national and cross-border experience representing investors, operators, lenders, and developers in the acquisition, disposition, development and financing of various classes of commercial real estate, including office, hospitality, retail, health care, industrial, multifamily, and mixed-use properties.

Ahuja focuses her practice on hotel acquisitions, operations, development and finance, hotel management agreements, licensing agreements, and commercial real estate acquisitions and sales. She advises domestic and international clients on the acquisition and disposition of hotels and other commercial property, hotel management and operations, franchising, licensing and branding, restaurant management agreements, lease negotiations, and casino agreements.

About Greenberg Traurig's Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 400 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, Latin America and Asia. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.

About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 39 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2018 Am Law Global 100. Web: Twitter: @GT_Law.