Arent Fox counsels Choice Hotels International in joint venture to grow Cambria Hotels & Suites
Washington, DC - Arent Fox LLP announced today that it has advised Choice Hotels International, Inc. (NYSE: CHH) in a joint venture with a leading hotel-investment group to help drive growth for the hotel company's flagship upscale brand, Cambria Hotels & Suites. Choice has entered into a partnership with CapStar Hotel Company to implement a conversion strategy that will bring to market quickly Cambria hotels in major urban areas, such as Chicago, Los Angeles and New York. The strategy is based on strong consumer demand fueled by a strong growth year for Cambria. Arent Fox partners Jay L. Halpern and Karen M. Ancharski led the Arent Fox team that advised Choice on the venture with CapStar.
Mr. Halpern is annually recognized among the best transaction attorneys in the country by Legal 500 and Super Lawyers. He has significant experience advising hospitality industry companies in mergers and acquisitions, joint ventures, equity financing, and mezzanine loans.
Recognized among the best Hospitality & Leisure practices in the country by Chambers USA, Arent Fox draws from a wide range of experienced attorneys to provide support in all aspects of the development, acquisition, disposition, financing, franchising, leasing, and protection of hospitality assets, whether in the United States or abroad. Our cross-disciplinary team routinely advises some of the most active and sophisticated developers, owners, REITs, franchisors, franchisees, and operators of lodging and leisure properties in the world.