BakerHostetler Guides Spanish Co.'s Deal For 1st NYC Hotel

Law360, New York (March 20, 2014, 5:06 PM EDT) -- Bolstering its quest to develop a significant North American presence, Melia Hotels International SA — Spain's largest hotel chain — has inked a long-term lease deal to develop and operate its first Manhattan property, the company told Law360 on Thursday.

Per the agreement, a Melia unit will lease space in a new 20-story tower being developed in downtown Manhattan and operate an Innside-flagged hotel under a multiyear arrangement, Denis Ebril, a spokesman for the company, said.  Melia declined to comment further on financial details of the...
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