Holland & Knight Closes $1M-Per-Room Ranch Resort Deal

Law360, New York (November 19, 2013, 4:35 PM EST) -- This past week, a team of Holland & Knight LLP attorneys clinched for their developer client the highest price paid per hotel room this year — $1.1 million — for a popular California celebrity resort in a deal complicated by the site's zoning status as a recreational vehicle park.

The $55 million transaction, which closed Friday, involved 50 guest rooms at Olympus Real Estate Partners' Calistoga Ranch. Despite commanding the highest per room price so far in 2013, land and additional development rights — which are...
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