January 19, 2017
The Law360 article, “Kelley Drye Steers Loan For $94M NYC Hotel Buy,” headlined the firm as counsel to Aareal Capital Corp., the financer of a real estate transaction between McSam Hotel Group LLC and Club Quarters Hotel Wall Street. McSam purchased the Club Quarters Hotel from Rockwood Capital LLC for $93.55 million with $71.5 million in financing from Aareal. The buyer received two loans from Aareal: one for $60 million and a second for $11.5 million. Partner Deron L. Green represented Aareal Capital.
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