December 6, 2018
NEW YORK; December 6, 2018 – Premier boutique law firm Kleinberg Kaplan has represented funds managed by Elliott Management Corporation in a newly-formed joint venture with funds managed by Trinity Real Estate Investments LLC for the acquisition of the Grande Lakes Orlando Resort. The 409-acre luxury complex includes two hotels – a 582-key Ritz-Carlton and a 998-key JW Marriott. The resort also includes a Greg Norman-designed 18-hole championship-caliber golf course.
Kleinberg Kaplan represented Elliott in connection with negotiating the joint venture along with certain aspects of the financing on the property. The firm also represented the joint venture in negotiating the development agreement for a capital improvement plan. The Kleinberg Kaplan team was led by Real Estate partners Ross Yustein and Euchung Ung, who were assisted by William Pena; and Tax partner James McCann, assisted by Deborah Taeid.
“Playing a role in the formation of the joint venture between Elliott and Trinity and in their plans for the Grande Lakes Orlando Resort is exciting. We are certainly proud to be a part of this complex transaction with such world class and sophisticated partners,” said Yustein.
The press release issued by the Elliott Management and Trinity Investments Joint Venture can be found here.