Key Takeaways
- • Akin Gump advised Kennedy Lewis Investment Management on secured financing and structuring of a joint venture with The Justice Family Group to acquire and develop The Greenbrier resort property, signaling institutional capital deployment into luxury hospitality real estate.
- • The transaction combined debt financing with an equity partnership structure, positioning Kennedy Lewis and the Justice Family Group to execute a long-term operational and capital improvement strategy for the historic property.
- • Akin deployed a cross-functional advisory team spanning 22 lawyers across corporate, finance, capital markets, real estate, tax, labor, and executive compensation practices, reflecting the transaction's complexity and multi-jurisdictional scope.
- • The deal represents a significant institutional investment vehicle for a marquee hospitality asset, combining alternative investment capital (Kennedy Lewis) with family office participation (Justice Family Group) in a structured partnership framework.
Summary
Akin Gump Strauss Hauer & Feld advised Kennedy Lewis Investment Management in connection with financing and joint venture structuring for The Greenbrier, a luxury resort property. The transaction involved a loan facility provided to The Greenbrier alongside a partnership arrangement between Kennedy Lewis and The Justice Family Group designed to support long-term development and operational objectives for the asset.
The advisory engagement demonstrates institutional investors' continued interest in acquiring and repositioning marquee hospitality properties through structured partnerships combining debt and equity. Kennedy Lewis, a significant alternative investment manager, combined its capital and operational expertise with The Justice Family Group's family office resources to create a joint venture vehicle for the acquisition and ongoing management of the property. The financing structure and partnership arrangement were engineered to support both near-term capital needs and multi-year strategic initiatives.
Akin's engagement scope encompassed the full breadth of transactional disciplines required for a complex real estate acquisition with leverage. The firm's advisory team included corporate finance specialists (led by corporate co-head Zachary Wittenberg and finance partner Heather Waters Borthwick), capital markets counsel, real estate practitioners, tax advisors, labor and employment specialists, and executive compensation experts. This multidisciplinary approach reflects the transaction's complexity, including secured credit facilities, partnership documentation, real property considerations, employment matters relating to existing resort operations, and tax optimization structures typical of large alternative investment transactions.
The transaction underscores the strategic positioning of institutional capital and family office resources in the hospitality sector, particularly for operationally intensive but strategically valuable properties. By combining Kennedy Lewis's investment and operational capabilities with family office participation through The Justice Family Group, the partnership structure offers the capital stability and long-term vision required for executing comprehensive repositioning strategies in the luxury hospitality market.
The advisory engagement demonstrates institutional investors' continued interest in acquiring and repositioning marquee hospitality properties through structured partnerships combining debt and equity. Kennedy Lewis, a significant alternative investment manager, combined its capital and operational expertise with The Justice Family Group's family office resources to create a joint venture vehicle for the acquisition and ongoing management of the property. The financing structure and partnership arrangement were engineered to support both near-term capital needs and multi-year strategic initiatives.
Akin's engagement scope encompassed the full breadth of transactional disciplines required for a complex real estate acquisition with leverage. The firm's advisory team included corporate finance specialists (led by corporate co-head Zachary Wittenberg and finance partner Heather Waters Borthwick), capital markets counsel, real estate practitioners, tax advisors, labor and employment specialists, and executive compensation experts. This multidisciplinary approach reflects the transaction's complexity, including secured credit facilities, partnership documentation, real property considerations, employment matters relating to existing resort operations, and tax optimization structures typical of large alternative investment transactions.
The transaction underscores the strategic positioning of institutional capital and family office resources in the hospitality sector, particularly for operationally intensive but strategically valuable properties. By combining Kennedy Lewis's investment and operational capabilities with family office participation through The Justice Family Group, the partnership structure offers the capital stability and long-term vision required for executing comprehensive repositioning strategies in the luxury hospitality market.
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