The current environment poses unique challenges for hotel financing in Canada and globally, particularly for lenders. From financing arrangements, amendments, extensions to operating and loan agreements, and assessing financial risk and lender security, businesses require legal counsel with in-depth industry knowledge and experience across many legal disciplines. In a time of significant disruption, we seamlessly provide advice on a wide range of issues to meet these rapidly changing market and regulatory conditions.
Blakes is a market leader in hotel finance. With our collective expertise and resources, we have been involved in the financings of more than 100 hotels. Clients rely on this experience and our ability to seamlessly and cost-effectively meet their needs. Moreover, lenders and investors come to Blakes for practical hotel debt-financing advice and cutting-edge solutions. In particular, they look to us for guidance on financial loan structures, including designing, employing and leveraging debt finance opportunities, as well as evaluating the risks and assisting with negotiating and documenting debt-based financing.
We also provide ongoing counsel to companies regularly engaged in lending or borrowing transactions. In each instance, we make sure we understand our client’s business objectives and concerns to craft the best solution.
Ranked No. 1 in banking and finance and acknowledged as having Canada’s preeminent financial services practice, Blakes offers unmatched experience advising on structuring and executing complex debt transactions. As industry leaders, we have developed several innovative financing and security structures used in Canada and have assisted clients around the world in devising and implementing creative solutions to their funding needs.
Blakes is an allied member of the Hotel Association of Canada, and we act as legal counsel to the Canadian Hotel Investment Conference.
Much of our work in this area is confidential, but illustrative examples of our recent experience include advising:
-
A lender in connection with a C$716-million syndicated financing for 22 Canadian hotels.
-
A lender in connection with a C$285-million financing for 16 Canadian hotels.
-
A lender on financings of the Four Seasons Hotel and the Holiday Inn on King, both in Toronto.
-
Düsseldorfer Hypothekenbank on the financing for the Pan Pacific Hotel in Vancouver.
-
One of the lenders under a syndicated construction financing for the purpose of redeveloping the Ritz-Carlton Montréal.
Blakes Financial Services lawyers have been recognized as leaders in their field in the most recent editions of the following publications:
- Chambers Canada: Canada’s Leading Lawyers for Business
- Chambers Global: The World’s Leading Lawyers for Business
- The Canadian Legal Lexpert Directory
- The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
- Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada
- IFLR1000: The Guide to the World’s Leading Financial and Corporate Law Firms
- The Legal 500 Canada
- Who's Who Legal: Banking
- Who's Who Legal: Canada
- Who's Who Legal: Insurance & Reinsurance
- Who's Who Legal: Project Finance
- Euromoney’s LMG Banking, Finance and Transactional Expert Guide
- The Best Lawyers in Canada
People
-
Danielle ButlerPartner | Toronto
-
Silvana M. D'AlimontePartner | Toronto
-
Patrick GordonPartner | Toronto
-
Jennifer HancockPartner | Toronto
-
Michelle LanielPartner | Toronto
-
Alexis LevinePartner | Toronto
-
Danielle ButlerPartner | Toronto
-
Silvana M. D'AlimontePartner | Toronto
-
Patrick GordonPartner | Toronto
-
Jennifer HancockPartner | Toronto
-
Michelle LanielPartner | Toronto
-
Alexis LevinePartner | Toronto