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Paul Hastings Advises Ultima Hospitality on the Acquisition of Two Hotels Next to the San Francisco International Airport

07 Nov 2013

Paul Hastings LLP represented Ultima Hospitality, a Chicago-based real estate investment and hospitality management group, on the $125 million acquisition of the Westin San Francisco Airport and the Aloft San Francisco Airport. The adjoining hotels are located next to the San Francisco International Airport – one of the world's busiest travel hubs – and 20 minutes from downtown San Francisco. The firm also handled the related $100 million financing from Blackstone.

The hotels will be managed under long-term license agreements by Ultima Hospitality and will continue to operate under the Westin and Aloft brand flags.

Real Estate partner Alan W. Weakland led the Paul Hastings team, which also included associates James S. Han, and Brian Y. Golper.

Matter Type
Banking & Finance - Real Estate Finance
Industry
Real Estate & Construction
News Category
Banking & Finance
Real Estate & Construction