Real Estate Attorney in NY Hotel Joint Venture Exit Advisory

The joint venture had been structured years earlier through a combination of equity ownership, operating agreements, and management contracts governed by New York law. 

While the hotel continued to operate successfully, the client’s global restructuring strategy required capital reallocation and operational simplification. 

A real estate attorney in NY was engaged to assess exit pathways consistent with the New York Business Corporation Law and the governing joint venture agreements.

Key legal authorities included the New York Business Corporation Law with respect to equity transfers and shareholder approvals, New York Real Property Law governing interests tied to hotel operations, and the New York General Obligations Law addressing assignment, indemnification, and termination mechanics. 

Because the hotel employed unionized staff, compliance with New York labor law and existing collective bargaining agreements was also critical to avoid successor liability or operational disruption.