Blank Rome Represents U.S. OCG in Purchase of Hilton Hotel in Arlington, Texas
Blank Rome LLP represented 2401 Lamar (Dallas) Esong, LLC, a member of the U.S. OCG family of companies, in connection with its $46 million purchase of the 308-room Hilton Hotel in Arlington, Texas, near the AT&T Stadium. The Firm also represented the client with respect to the $27.3-million first mortgage loan from Industrial Commercial Bank of China used to facilitate the acquisition of the hotel.
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 February 10, 2017.