Baker & McKenzie represented Komar Investments, Inc., a Florida corporation, as borrower's counsel in the $65 million refinancing of the South Beach Marriot Hotel in Miami Beach. The Hotel is owned by Komar Investments and managed by Marriott International, Inc.

Komar Investments is a joint venture owned by Omega Capital (50%) and by Key International Holdings, Inc. (50%). Omega Capital is a Spanish group of companies with interests in several real estate assets in the U.S.  The loan was granted by Citigroup Global Markets Realty Corp.

“We were pleased to advise Komar on the refinancing of this important asset, which showcases our ability to advise our real estate clients on complex finance transactions with international components,” said José A. Morán, a partner in Baker & McKenzie's Banking & Finance practice.

This transaction involved the collaboration of several attorneys in Baker & McKenzie's Banking & Finance, Real Estate, Corporate, Bankruptcy, Hotels & Resorts practice areas throughout four offices.  The Baker & McKenzie team included José A. Morán, Sarah H. Winston (Chicago), Juan C. Gonzalez (Chicago), Brian  Zurawski (Chicago), Jennifer Markovich (Chicago), Megan R. Renze (Miami), Ira A. Reid (New York) and Laura Camarero (Madrid).