Latham & Watkins LLP

Leisure & Hospitality Department

USA - Nationwide
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What the team is known for A transactional powerhouse with significant expertise in the hotel, leisure and gaming sectors, routinely acting on complex financings, M&A and joint ventures. Boasts extensive global reach and routinely acts for leading hotels and casino operations based in the USA, Mexico and Europe. Its client base also encompasses a broad spectrum of leading financial institutions, private equity houses and wider investors. Increasingly active in transactions involving public-private partnerships.

Strengths Clients note: "The work is of a very good quality and is always done well."

Sources say: "It's an excellent team that holds itself to a high standard."

Another client praises their "speed and commerciality."

Work highlights Acted for Hyatt Hotels on the $1 billion sale of a three-property hotel portfolio to Host Hotels & Resorts.

Notable practitioners

Gary Axelrod regularly represents clients in the sale and acquisition of luxury resort property as well as advising on the formation of joint ventures. "Gary's ability to navigate complex situations with a pragmatic, commercial eye is why he tends to be our first call," reports one source, while another describes him as a "very creative and out-of-the-box thinker."

The "tremendous" Rachel Bates comes recommended for her expert representation of hospitality owners, which sees her advise on sales and joint venture formations. Sources describe her as an "incredibly talented" attorney.