Kasowitz Represents Cottonwood Group in $104 Million Acquisition and Renovation Loan for Scottsdale Resort

Kasowitz Benson Torres represented Cottonwood Group, a Los Angeles-based private equity real estate investment firm, in the closing of a $104 million loan on February 9, 2022, to Driftwood Capital, a vertically integrated commercial real estate firm based in Florida, to finance Driftwood Capital’s acquisition and renovation of The Scottsdale Resort at McCormick Ranch, located in Scottsdale, Arizona.  The renovation will convert the hotel to a Curio Collection by Hilton.

The Kasowitz team representing Cottonwood Group was led by partner Darwin Huang and included associate Kathleen M. Maurer.