March 15, 2017 09:03 AM
As recently reported in the Daily Business Review, Real Estate partners J. Donald Wasil and Alexander Tachmes assisted their client Hersha acquire the Ritz-Carlton Coconut Grove for $36 million. They guided a smooth transaction between Philadelphia-based Hersha and Miami-based hospitality group Gencom.
Don and Alex previously assisted their client with the acquisition of the Residence Inn by Marriott, also in Coconut Grove. Their relationship with Hersha dates back to 2011 when the company purchased the Courtyard Miami Beach Oceanfront hotel, their first South Florida purchase.
The Ritz-Carlton features 14,000 square feet of meeting space, restaurant, bar, spa, fitness center, retail and about 8,000 square feet of office space.
Don and Alex helped secure an agreement between Hersha and Gencom to retain the seller as construction manager for renovations.
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J. Donald Wasil is a partner in the Miami office of Shutts and Bowen LLP, where he is a member of the Executive Committee and former Co-Chair of the statewide Real Estate Practice Group. A Martindale-Hubbell AV® Preeminent™ rated attorney, Don is Board Certified in Real Estate Law and has been recognized among the Best Lawyers in America® for real estate law since 2008. He is a Florida licensed real estate broker with over 30 years of experience representing lenders, developers, investors and servicers in their complex commercial real estate transactions.
About Alexander I. Tachmes
Alexander I. Tachmes is a partner in the Miami office of Shutts & Bowen LLP, where he is a member of the Real Estate practice group. A Martindale-Hubbell AV® rated attorney, Alex concentrates his practice on governmental matters, including land use and zoning, public-private transactions, competitive bidding and lobbying, and commercial real estate transactions, including hospitality matters.