Blank Rome Represents U.S. OCG in Purchase of Hilton Doubletree Hotel in BostonDeal
Blank Rome LLP represented 50 Ferncroft (Boston) Esong LLC, a member of the U.S. OCG family of companies, in connection with its $32 million purchase of the 363-room Hilton DoubleTree Boston North Shore Hotel located in Danvers, MA, just 20 miles north of downtown Boston. The property includes an Atlantis Sports Club & Spa and a CoCo Key Water Park. Blank Rome also represented 50 Ferncroft (Boston) Esong LLC with respect to the $26.9 million CMBS loan to fund the purchase and the PIP costs.
Headquartered in Los Angeles, California, U.S. OCG is a global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies, and hedge funds. U.S. OCG is a wholly owned subsidiary of OCG China.
The transaction closed on September 7, 2017.