Eversheds Italy advises UniCredit and syndicate of banks on sale of Setai hotel

The Milan office of Eversheds has advised UniCredit and a syndicate of banks on the sale of the Setai Fifth Avenue Hotel and Residences in Manhattan, New York, to Pacific Fifth Avenue Corporation (Langham Group).

The Setai Fifth Avenue Hotel and Residences is a skyscraper constructed by 400 Fifth Realty (Bizzi & Partners Group) and financed by a pool of Italian banks via a mix of senior and junior debt.

The Eversheds team was led by partner Marco Franzini and associate Charlie Wright in collaboration with US law firm Blank Rome.

Eversheds advised on the financing repayments between the banks and the contractor borrower, 400 Fifth Realty.  

  • Print

Briefings from Eversheds

  • Personal injury bulletin: other news

    Jackson LJ approved an amendment to CPR 3.8 (following on from the case of Hallam) to allow parties to agree a short time extension of up to 28 days.

  • Personal injury bulletin: liability

    The claimant in Rainford v Lawrenson was walking with her sister from her home to a bus stop on the A588 to catch a bus to school when she was knocked over by a car.

View more briefings from Eversheds

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1 Wood Street
London
EC2V 7WS
UK
http://www.eversheds.com

Turnover (£m): 376.00
No. of lawyers: 1,264
Jurisdiction: UK
No. of offices: 4
No. of qualified lawyers (international): 54

Jobs

View all jobs from this firm