Colony Capital in Aimbridge Hospitality Joint Venture
March 6, 2013
Cleary Gottlieb represented Colony Capital in the negotiation of a joint venture with Aimbridge Hospitality. The Colony - Ambridge venture effected the recapitalization, emergence from bankruptcy and rebranding of a portfolio of 103 Jameson Inn hotels. Cleary Gottlieb had previously represented Colony in various aspects of the Jameson transaction, including the acquisition of a senior mezzanine loan secured by the Jameson Inn portfolio, subsequent workout negotiations, the dismissal of the Chapter 11 bankruptcy case of Colony’s mezzanine borrower, and Colony’s foreclosure of its mezzanine collateral.