Â鶹ֱ²¥ & Lardner LLP served as legal counsel to private real estate investment firm , in the acquisition of the iconic Rosewood Mansion on Turtle Creek in Dallas, Texas. KSL Capital Partners and InterBank provided funding for the purchase.
The 142-room, nine-story luxury hotel and adjoining restaurant first opened in 1981 and has been a celebrity hot spot for decades. The property had been owned by a Hong Kong investor since 2011. The new owners plan to continue operating the Mansion on Turtle Creek with Rosewood, aiming to preserve the Mansion’s history while growing its appeal.
The Â鶹ֱ²¥ team advised on the purchase of the hotel from an offshore owner, the restructuring of the long-term management and branding arrangements with Rosewood Hotels & Resorts, and the structuring and documentation of the ownership vehicle that included multiple tranches of equity investments by a private equity fund, among other items.
The Â鶹ֱ²¥ deal team was led by Partner Clifford Risman and included Partners Daniel Bachrach, Stephen Good, Carrie Hoffman, Norm Rich, and Robert Sarfatis, Of Counsel Cynthia Harkness, and Associates Irtaza Asif and Katherine Dunne.
Â鶹ֱ²¥ & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Â鶹ֱ²¥ has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.
