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Latham & Watkins LLP

Latham & Watkins LLP, Rachel K. Bates, Chicago, USA

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Rachel K. Bates

Tel:
Work 3128766541
Email:
Web:
www.lw.com
Latham & Watkins LLP

Work Department

Rachel Bates is a partner in the Chicago office of Latham & Watkins, where she serves a range of clients in complex real estate transactions, including representing hotel owners and operators in connection with the disposition, acquisition, development, financing, ownership and management of their hotel, resort and gaming properties. She also has experience representing operating companies, REITs, pension funds and other institutional investors in structuring, negotiating and forming joint ventures and other investment vehicles for acquisition (asset and entity level), financing and/or development of all property types.

Position

Partner

Career

https://www.lw.com/people/rachel-bates


United States

Real estate

Within: Real estate

Latham & Watkins LLP’s ‘exceptional and responsive’ group of ‘real problem solvers’ has ‘the bench strength to get through a transaction quickly and meet tight deadlines, especially when it comes to large portfolio deals’. According to clients, the team ‘knows the hot-button issues in the market and is good at finding common ground to set a strong position between the lender and the borrower’. The firm’s key areas of expertise include M&A and capital markets transactions, private equity fund formations, mezzanine and subordinate loans and post- and pre-bankruptcy activity, and the team has recently expanded its presence in the hospitality and gaming sectors, advising on numerous transactions and joint ventures. Gary Axelrod jointly chairs the hospitality, gaming and leisure practice, and regularly represents owners and operators in the sale, acquisition and development of resort and gaming properties. Rachel Bates is also a key contact in the hospitality space, and James Hisiger and the ‘fantastically commercialMichelle Kelban are the leading figures in New York, advising a mix of lenders and borrowers on M&A and financing transactions. Notable highlights included advising ACORE Capital on the organization of approximately $1bn-worth of construction and mortgage mezzanine loans secured by various real estate assets; acting for Al Mirqab Holding on the refinancing of a construction loan for a hotel property in New York; and acting for Colony Northstar on a number of mortgage and mezzanine loans for the $1bn refinancing of its real estate portfolio. Goldman Sachs and CenterPoint Properties Trust are also active clients. In April 2018, the former co-head of Jones Day’s team Michael Haas joined in New York.

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