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In a market weathering unprecedented change, companies involved in high-stakes real estate deals need a steady, trusted hand to guide them. They also need counsel who can help them find new solutions for tough new challenges. The Paul, Weiss Real Estate Department offers clients the best of both worlds. Our long history of executing every kind of deal touching real property and our business and legal savvy help the most complex real estate projects succeed in fluctuating economic conditions.

Loews Hotels Secures Mortgage Loan With SunTrust Bank

Paul, Weiss represented Loews Hotels in connection with a $103.6 million mortgage loan with SunTrust Bank secured by Universal's Aventura Hotel in Orlando. The loan refinanced a $102 million construction loan for Universal's Aventura Hotel from The Bank of Nova Scotia.    

Aventura Hotel is owned by a 50/50 joint venture between Loews Hotels and NBCUniversal. Joint ventures between Loews Hotels and NBCUniversal currently own eight hotels in Orlando that are associated with the Universal theme parks.

The Paul, Weiss team included real estate partner Peter Fisch and counsel Karla Booth; corporate partner Manuel Frey; and tax partner Lindsay Parks.

November 18, 2019

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