Insights
Firm News

Farella Braun + Martel Represents The Swig Company in the Sale of the Fairmont Chicago Hotel

September 14, 2005 Announcement

San Francisco, CA (September 14, 2005) – Farella Braun + Martel announced today it has completed a major deal on behalf of The Swig Company, a private real estate investment and management company headquartered in San Francisco with a nationwide portfolio.  The Swig Company has closed the sale of the landmark Fairmont Chicago Hotel to an affiliate of Strategic Hotel Capital Inc. for $154,650,000.

The AAA Four-Diamond hotel, located in the center of downtown Chicago adjacent to the city’s new 24-acre Millennium Park and Lakeshore East development, includes 62,000 square feet of function space including fourteen meeting rooms, and Aria Restaurant, the highly acclaimed dining room.  The hotel was developed by The Swig Company in 1985 and is operated by Fairmont Hotels & Resorts.

Led by partner Greg Shean, the Farella Braun + Martel team included partners Frank Farella, Matt Lewis, Brian Donnelly and Said Kordestani, associate Benjamin Evans, and paralegal Mary Olson.

“We are very happy to have been a part of such a successful transaction for this prestigious property,” said Shean.  “This sale is the culmination of well over a year’s work by our client and a talented team of Farella Braun + Martel attorneys.  To complete such a complicated and multi-layered transaction like this one required tremendous coordination and teamwork.”

Commenting on the sale, Jeanne Myerson, President and Chief Executive Officer of The Swig Company, said, “The Chicago Fairmont is a tremendous asset and we are happy after many years of stewardship to pass it on to a dedicated and highly reputable hotel owner and operator.  This sale marks our third successful major capital market transaction in the last three months and continues the strategic development of our national real estate investment portfolio.”

In July, Farella Braun + Martel represented The Swig Company in a joint venture with GMAC Institutional Advisors in the purchase of the Kaiser Center, a 900,000 square-foot mixed-use complex overlooking Lake Merritt that has long been one of Oakland’s premier addresses.

About Farella Braun + Martel LLP
Since its founding in 1962, Farella Braun + Martel has achieved a national reputation for the acumen of its business practice, the high profile cases of its complex commercial litigation practice and its prestigious client base. The San Francisco-based firm serves a diverse group of clients from multinational corporations to emerging businesses. The firm also has an office in the Napa Valley focused on the wine industry and related businesses. 

Farella Braun + Martel’s Real Estate Department has handled the acquisition and disposition of billions of dollars worth of commercial properties in Northern California. Many of these transactions required the creation of sophisticated ownership structures, ground leases, tax planning, complex financing arrangements, and the resolution of significant environmental issues.  Our Real Estate Department represents a full range of clients active in the real estate industry, including developers, public REITs, investors, lenders, vintners, hoteliers and asset managers.

Firm Highlights

Publication

M&A Deals and PPP Loans: Unexpected Parties in Your Deal

The Payroll Protection Program has been a lifesaver to many businesses this year, but its quick roll out, and many generous features (including potential forgiveness) could tempt a borrower to treat the PPP as...

Read More
Publication

SEC Expands Definition of “Accredited Investor” – Here Are 5 Key Takeaways

The SEC recently adopted amendments to Rule 501(a) of Regulation D of the Securities Act of 1933 that expand the definition of “accredited investor” by adding new categories of eligibility based on professional knowledge...

Read More
Publication

What to Know About Taking a Data Center Company Public Through a SPAC

A recent IPO by InterPrivate IV Infratech Partners, a digital infrastructure-focused special purpose acquisition company, or SPAC, raised $250 million. Its impressive fundraising and management team, led by former CyrusOne CTO Kevin Timmons, may cause privately...

Read More
News

Farella Represents Catalyze in Its Acquisition of PermaCity

Northern California legal powerhouse Farella Braun + Martel represented leading national independent power producer Catalyze  as due diligence counsel in its acquisition of solar developer and installer  PermaCity . Based in Boulder, Colorado, Catalyze...

Read More
News

Farella Braun + Martel Attorneys Named to 2021 Northern California Super Lawyers and Rising Stars

Thirty-seven Farella Braun + Martel lawyers were named to the Super Lawyers and Rising Stars lists of top attorneys in Northern California for 2021. 2021 Farella Northern California Super Lawyers: George Argyris – Estate...

Read More
Publication

Turmoil in the SPAC Market: What Private Tech Companies Should Consider Before Going Public Via a SPAC

In the spring of 2021, one of the hottest markets—the market for special purpose acquisition companies, or SPACs - has “screeched to a halt,” according to CNN . As the SPAC market grew red...

Read More
News

51 Farella Lawyers Listed in The Best Lawyers in America© 2022 and Best Lawyers: Ones to Watch

Forty-six Farella Braun + Martel lawyers were selected by their peers for inclusion in the 2022 edition of The Best Lawyers in America © .  Five Farella lawyers were named to Best Lawyers: Ones to...

Read More