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Paul Hastings LLP Advises Starwood Capital Group Affiliate in the $735 Million Acquisition of InTown Suites

July 09, 2013

New York, NY -- Paul Hastings LLP, a leading global law firm, announced today that the firm represented an affiliate of Starwood Capital Group, a global investment firm, in the acquisition of 100% of the common stock of InTown Hospitality Corp.  The gross purchase price was approximately $735 million, including the assumption of $609 million of existing mortgage debt.  The acquired company runs extended-stay lodging chain, InTown Suites, which has 138 extended-stay properties with approximately 18,000 rooms across 21 states in the U.S.

Prior to the acquisition, InTown was owned by a joint venture in which Kimco Realty Corporation, the largest U.S. owner of community shopping centers, held a 75 percent interest.

Paul Hastings also advised an affiliate of Starwood Capital Group on the assumption of debt financing associated with the transaction.
Real Estate partner

, M&A partner  and Real Estate Finance partner  led the Paul Hastings team in the acquisition, which also included Real Estate partner , Tax partner , Employment partner , Employment of counsel , and associates , , , , , , , , , Mark Nylen and Chris King.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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