The Seattle Hotel Group (“SHG”) completed the $180 million construction of the Four Seasons Seattle Hotel and Private Residences in the fall of 2008, as the Seattle real estate market started to crumble. The project went into default in December 2009 and faced possible foreclosure or bankruptcy.
Zachary Scott joined the workout team, which included Pistol Creek Company, the largest investor in SHG, and Davis Wright Tremaine, to put together a restructuring plan and negotiate the elements of that plan with all parties.
A successful financial restructuring was completed in April 2011 that resolved all financial matters and put the luxury development on a firm, long-term financial footing. The Undersigned Acted as Financial Advisor to The Seattle Hotel Group.