Editorial Board   Guest Author

Ms. Morgen

Catherine E. Morgen

Partner, Morris, Manning & Martin, LLP

Catherine E. Morgen is a Partner in the firm's Commercial Real Estate Development and Finance and Hospitality Practices. Ms. Morgen concentrates her practice on the representation of real estate clients, with an emphasis on the hospitality industry.

Ms. Morgen has significant experience representing developers, owners and managers of hotel properties in effecting acquisitions, dispositions and mergers, developing their properties, negotiating hotel management agreements, franchise agreements and technical services agreements, arranging financing, and leasing. She regularly works with all of the major hotel brands and third-party operators for all hotel asset classes.

Ms. Morgen also represents institutional real estate lenders, borrowers and investors, including financial institutions, REITs and pension fund advisors. She specializes in a variety of financing transactions including permanent and construction financing, multi-state collateral pools for revolving credit facilities and mortgage loan servicing.

In addition, Ms. Morgen has written and spoken on a variety of real estate matters including CFIUS in hospitality transactions, easements, development and leasing.

Ms. Morgen is also the chair of the firm's Women's Initiative.

Representative Experience:

- Represented client in the acquisition, financing, rebranding and extensive renovation of historic hotels and resorts, including the oceanfront Cliff House Maine located on 70 acres atop Bald Head Cliff in Ogunquit, Maine, The Adolphus, a 100-plus-year-old iconic downtown Dallas hotel, and the Seelbach Hilton, a well-known historic hotel in Memphis that is listed on the National Register of Historic Places.

- Represented hotel owner in $142 million acquisition and related financing of a 5-hotel, 1,396-room portfolio of Marriott branded select-service and extended stay hotels located in Florida, Georgia and New Jersey from a large public REIT, including the assumption of three existing management agreements with Marriott.

- Represented client in its joint venture with a large institutional investment fund to acquire a 282-room Marriott in Atlanta, Georgia, and a 226-room Hilton Suites in Phoenix, Arizona. In addition, MMM represented the joint venture in obtaining financing for the acquisition and the planned major renovation program for each hotel to upgrade property exteriors, public space, back-of-house areas and guest rooms.

- Represented international hotel owner/manager in $300 million sale of a majority partnership interest with retention of long-term management rights for luxury hotels in Chicago, IL and Miami, FL and $450 million portfolio sale of 13 hotel properties in the U.S., Canada and Caribbean; negotiation of associated long-term management agreements.


Please visit http://www..mmmlaw.com for more information.

Ms. Morgen can be contacted at +1 404-504-7745 or cmorgen@mmmlaw.com

Coming up in May 2020...

Eco-Friendly Practices: Creative Innovation

Being eco-friendly is no longer a fad. It is an urgent planetary need and hotels are actively doing their part to reduce their carbon footprint by implementing sustainable, green practices. In addition to the goodwill derived from doing the right thing, hotels are also realizing the benefits to their business. A large percentage of Millennials expect hotels to be eco-friendly and will only patronize those properties that are proudly conforming. Consequently, more hotels are realizing that sustainability is a key element in a successful branding strategy. In addition, going green can lead to a more profitable bottom line, as savings on electricity, water and cleaning materials can add up. Also, there are other advantages that come with being an eco-friendly business, such as government subsidies and tax and loan incentives. As a result, many hotels are finding innovative ways to integrate eco-friendly practices into their business. Geo-thermal energy systems, along with energy-from-waste systems, are being used to heat and cool the property. Passive solar panels, green roofs, natural lighting and natural ventilation strategies also assist in energy conservation. Low-flow water systems and plumbing fixtures make a contribution, as does eco-friendly hardwood flooring, and energy efficient televisions and appliances throughout the property. In addition, some hotels have implemented in-room recycling programs, and only provide all-natural, personal care items. One hotel has actually constructed a bee-keeping operation on their grounds. Not only is this good for the bees but the hotel also produces products from the operation which they sell. This kind of creative innovation also holds enormous appeal to guests. The May issue of the Hotel Business Review will document what some hotels are doing to integrate sustainable practices into their operations and how they are benefiting from them.