Arnstein & Lehr partner helps negotiate $57.5M sale

MIAMI - Phillip M. Hudson III, 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 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.

Marriott and partner Ian Schrager plan to redevelop the 12-story, 400-room hotel into a new boutique brand called Edition.

This is Hudson's second multimillion dollar deal in recent days. He and his law partner, Hilda Piloto, negotiated the resolution of a $100 million multi-property real estate dispute on behalf of a developer in mid-June.