Phoenix—Dentons represented Hilton Worldwide in a series of transactions related to the Waldorf Astoria New York and the acquisition of five landmark hotel properties with the proceeds.

Last October a team from Dentons represented Hilton Worldwide Holdings Inc. in its 100-year management contact negotiations related to its $1.95 billion sale of the iconic Waldorf Astoria New York hotel to Beijing-based Anbang Insurance Group. The Dentons team was led by Hotel and Leisure partners Meghan Cocci and Rick Ross, and also included Hotels and Leisure partner Mark Daliere and senior managing associate Christopher Lee, and Intellectual Property and Technology partner Carol Anne Been.

More recently, Dentons acted as lead outside counsel to Hilton Worldwide in its deployment of the proceeds from the sale of the Waldorf Astoria New York for the acquisition of five properties for $1.76 billion:  the resort complex consisting of the Hilton Orlando Bonnet Creek and the Waldorf Astoria Orlando in Orlando, FL; The Reach, A Waldorf Astoria Resort in Key West, FL; Casa Marina, A Waldorf Astoria Resort in Key West, FL; and Parc 55 in San Francisco, CA.

The Dentons team included Hotels and Leisure partners Meghan Cocci, Rick Ross, senior managing associates Christopher Lee and Ashley Cox and associate Brett Rufer; Corporate counsel Kristina Beirne; Tax partner Bruce Davison; Intellectual Property and Technology partner Carol Anne Been, Pensions, Benefits and Executive Compensation partner Michael Maryn and associate Martin Rice.

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