Perkins Coie represented client Strategic Hotels & Resorts, Inc. (NYSE:BEE), a real estate investment trust (REIT) which owns and provides value enhancing asset management of high-end hotels and resorts in the United States and Europe, in the closing of a $120 million limited recourse loan secured by the Loews Santa Monica Beach Hotel replacing the $110 million financing previously encumbering the property.
Led by Chicago partner Bruce Bonjour, the Perkins Coie team included Chicago partners Kurt Neumann and Edward Wicks, Los Angeles partner David Larsen and Chicago associate Jaime Willis.
