ORLANDO, Fla. – June 18, 2015 – A multi-practice, multi-office team of attorneys at international law firm Greenberg Traurig P.A. recently represented LaPlaya Beach Resort and LaPlaya Beach Club in Naples, Fla. in the sale to to Pebblebrook Hotel Trust. The combined purchase price of $185.5 million or $981,481. per key makes this is one of the highest per key hotel transactions in Florida history.
Greenberg Traurig represented the seller, LaPlaya, LLC, owned by affiliates of the Barron Collier Companies and Noble House Hotels & Resorts.
The Greenberg Traurig team was led by Orlando Shareholder Michael J. Sullivan and Associate Brandon K. Hueber.
“The historic prices are indicative of the tremendous market interest that exists right now for trophy assets,” Sullivan said.
Sullivan, who serves as Co-Chair of the firm’s Hospitality Group, has wide-ranging experience in the acquisition, development, finance and disposition of properties. Hueber provides counsel to REITs, investment funds, developers, lenders and related other clients. Both are members of Greenberg Traurig's award-winning real estate and hospitality groups.
Greenberg Traurig's Real Estate Practice spans 40 years of delivering multidisciplinary legal services for property investment, development and management, as well as real estate finance. The group received the Award for Excellence in Real Estate from Chambers and Partners in 2013 and 2010, and was named a Real Estate Practice Group of the Year by Law360 from 2010 to 2013.
Greenberg Traurig's 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 in the United States, the Americas, and overseas. The multidisciplinary team brings corporate, real estate, tax, and environmental attorneys together with recognized industry leaders experienced in the development and financing of hotel and resort properties, as well as the design and implementation of club and resort membership programs.
Also contributing to this historic deal were shareholders Kerri L. Barsh (Miami), Glenn A. Gerena. (Boca Raton), Jerrold F. Goldberg (New York), Joseph I. JeBailey (Orlando), Maribel N. Nicholson-Choice (Tallahassee), Renee A. Latour (Washington, D.C.), Carl J. Riley (New York), Richard A. Sirus (Chicago), and I. William Spivey (Orlando).
Pebblebrook Hotel Trust was represented by Honigman Miller Schwartz and Cohn-Detroit.