OVERVIEW AND EXPERTISE

 
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The hospitality industry is one of Canada’s most important and fastest-growing industries. A stronger economy and significant increase in international visits have played a crucial role in the notable upswing since 2017. Such robust growth can present a host of issues for businesses looking to benefit from a healthier market. In addition to increased competition, changing business conditions and heightened customer expectations, hotel financing poses unique challenges, particularly for lenders. From financing arrangements and operating and loan agreements to assessing financial risk and lender security, businesses require legal counsel with in-depth industry knowledge and experience across many legal disciplines.

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 expertise, as well as our ability to seamlessly and cost-effectively meet their needs. Moreover, lenders and investors come to Blakes for practical 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 in order to craft the best solution. 

Ranked No. 1 in banking and finance and acknowledged as having Canada’s pre-eminent 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.



Representative Matters
  • ​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 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.​

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 PEOPLE

 
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Partner | Calgary
Calgary: 403-260-9778
Areas of Expertise: Commercial Real Estate, Infrastructure, Development, Public-Private Partnerships, Hotel Finance
Partner | Montréal
Montréal: 514-982-4025
Areas of Expertise: Energy, Banking, Commercial Real Estate, Financial Services, Construction, Infrastructure, Oil & Gas, Pension Funds Investment, Plan Nord, Debt Capital Markets, Structured Finance & Derivatives, Transportation, Major Projects, Downstream & Marketing, Mergers, Acquisitions & Divestitures, Hotel Finance
Associate | Toronto
Toronto: 416-863-4197
Areas of Expertise: Financial Services, Financial Services Regulatory, Banking, Hotel Finance
Partner | Toronto
Toronto: 416-863-3860
Areas of Expertise: Commercial Real Estate, Restructuring & Insolvency, Hospitality & Leisure, Real Estate Financing, Europe, Pension Funds Investment, Investment Funds, Investment Vehicles, Hotel Finance
Associate | Toronto
Toronto: 416-863-3276
Areas of Expertise: Commercial Real Estate, Leasing, Development, Corporate & Commercial, Acquisitions, Dispositions & Joint Ventures, Hotel Finance
Associate | Toronto
Toronto: 416-863-5253
Areas of Expertise: Financial Services, Asset-Based Finance, Debt Finance & Lending, Banking, Hotel Finance
Partner | Toronto
Toronto: 416-863-3089
Areas of Expertise: Asset-Based Finance, Debt Finance & Lending, Equipment Financing, Project Finance, Financial Services Regulatory, Lobbying, Banking, Structured Finance & Derivatives, Residential Mortgage Business, Government & Public Sector, Defence, Hotel Finance
Partner | Toronto
Toronto: 416-863-2278
Areas of Expertise: Financial Services, Corporate & Commercial, Food, Beverage & Agribusiness, Banking, Asset-Based Finance, Debt Finance & Lending, Equipment Financing, Project Finance, Hotel Finance
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