Arnstein & Lehr Partner Phillip M. Hudson III helps negotiate agreement with lender resulting in sale of South Beach hotel

MIAMI, FL – Phillip M. Hudson III (top right photo), a partner with Arnstein & Lehr LLP, lead the negotiations on behalf of the Lionstone Group regarding the underlying loan with FirstBank Puerto Rico that resulted in the sale of the Seville Hotel (middle left photo)  to Marriot and hotelier Ian Schrager for $57.5 million.

The previous owner of the Seville Hotel was 2901 Beach Ventures, which consisted of two equal partners, Lionstone Group and Fortune International Management. Hudson represented Lionstone Group.

Media reports indicate that Marriot and partner Ian Schrager plan to redevelop the 12-story, 400-room hotel into a new boutique brand called Edition.

“We are pleased that substantial real estate deals are closing once again in South Florida,” said Hudson, who heads up Bankruptcy and Litigation for the firm’s Miami office.

“Both local and out-of-town buyers are recognizing the unique values available here in Miami.”

This is Hudson’s second multi-million dollar deal that has closed in the past 30 days or so. He and his law partner, Hilda Piloto, (bottom right photo) negotiated the resolution of a $100 million multi-property real estate dispute on behalf of a developer in mid-June.

Contact: Don Silver or Lauren Simo, Boardroom Communications, (954) 370-8999,

donsil@boardroompr.com / lsimo@boardroompr.com