Schulte represented Cerberus Capital Management LP in its affiliate’s acquisition of certain assets of Club Exploria LLC and Club Exploria Resorts, a diversified hospitality, development and management company with a collection of resorts and hotels in Florida, Tennessee and Missouri. The transaction builds upon Cerberus’ track record in the timeshare industry, including its recent acquisition of the Villas at Tree Tops and Fairway in the Pocono Mountains of Pennsylvania.

The Schulte team representing Cerberus was led by M&A and securities partner Michael Gilligan and associates Lawrence Natke and Matthew Greenberg, with assistance from associate Brett Jackson. The team also included structured finance & derivatives partner Boris Ziser and associate Stephen Schauder; employment & employee benefits partner Ian Levin; tax partner Alan Waldenberg and associate Elie Zolty; real estate partner Julian Wise and associate Amiel Mandel.