Sherin and Lodgen represents Lixi Group in $54 Million purchase of Aloft and Element Lexington in Greater Boston
Boston, MA, March 28, 2016 – Boston law firm Sherin and Lodgen LLP represented Lixi Group in its $54 million purchase of the 136-room Aloft Lexington and the 123-room Element Lexington, two hotels situated in the northwest Boston suburb of Lexington, Massachusetts. Acquisition financing was provided by Wells Fargo Bank.
Led by Joshua M. Bowman, a partner in Sherin and Lodgen’s Real Estate and Corporate Departments and Chair of the Hospitality Group, the legal team included Gary M. Markoff, Carla M. Moynihan, Michel Bamani, and Beth Goldstein.
Sherin and Lodgen’s Hospitality Practice Group provides clients with decades of industry knowledge and unparalleled experience in the hospitality industry. The team represents leading developers, owners, operators, franchisees, high net worth and institutional investors and lenders involved with hotels, resorts, restaurants and leisure assets across North America.
About Sherin and Lodgen LLP
Sherin and Lodgen is a mid-sized Boston law firm specializing in real estate, litigation, and business law. The firm handles complex matters, while providing responsive, senior-level attention to every matter. Known for its effective, efficient and focused representation, Sherin and Lodgen delivers sophisticated analysis and a high touch service by developing an in-depth understanding of clients’ business goals, issues, concerns and emerging industry trends.