3 Firms Guide $120M Financing For NYC Hyatt Hotel Project

Law360, Minneapolis (March 13, 2017, 4:18 PM EDT) -- Riemer & Braunstein LLP and Arnold & Porter Kaye Scholer LLP respectively represented Bank of the Ozarks Inc. and Square Mile Capital Management LLC on their combined, $120 million loan for Sam Chang's Manhattan Hyatt project, which saw Jaspan Schlesinger LLP guiding the borrower.

The construction loan, which broker Eastern Consolidated Properties Inc. revealed in a statement Friday, is for McSam Hotel Group's Hyatt Place project at 350 W. 39th St., a hotel that is slated to rise to 25 stories and have 520 keys....
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