Jaclyn A. McNally
- Firmwide Co-Chair, Hospitality Industry Group
Jaci represents public and private companies, private equity funds, and lenders in all aspects of commercial real estate transactions.
Jaci McNally offers extensive experience in real estate acquisitions and dispositions, development projects, and real estate financing across a broad range of asset classes. Jaci is particularly skilled in both (1) hospitality transactions, including negotiating purchase and sale agreements, hotel franchise agreements, and hotel management agreements; and (2) shopping center redevelopment work, including analyzing complex reciprocal easement agreements and other title encumbrance documents to determine the redevelopment rights, restrictions, and opportunities that are available for our clients.
Jaci also has substantial experience representing commercial mortgage-backed securities (CMBS) noteholders and special servicers on a national basis in matters involving loan workouts and modifications, deeds-in-lieu of foreclosure, foreclosures, franchise agreement and comfort letter negotiations, and real estate-owned (REO) dispositions.
Areas of focus
Education & Credentials
Education
- Loyola University Chicago School of Law, J.D., Student Articles Editor, Loyola University Chicago Law Journal, 2002
- Loyola University Maryland, Loyola College of Arts & Sciences, B.A., cum laude, 1999
Bar and Court Admissions
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Illinois
Related Employment
- Altheimer & Gray, Chicago, IL, Associate, 2002-2003
Professional Recognition
Listed in Crain’s, “Chicago’s Notable Women Lawyers,” 2018
*The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and no certificate, award or recognition is a requirement to practice law in Illinois.
Impact
Professional Leadership
- Illinois State Bar Association (ISBA), Member
- American Bar Association (ABA), Member
Community Involvement
- The Chicago Lighthouse for People Who Are Blind or Visually Impaired, Board of Directors, 2015-present; Assistant Secretary, 2017-2019; Secretary 2019-present
News
Professional Experience
Hotels & Leisure: Acquisitions, Dispositions and Financings
Rosewood Hotels & Resorts LLC
Representation of the owners in the sale of Dallas-based Rosewood Hotels & Resorts LLC hotel management company and five North American properties under Rosewood management for $800 million to China-based New World Hospitality and individual investors. Properties sold in the transaction included the Carlyle Hotel in New York, NY, the Rosewood Inn of the Anasazi in Santa Fe, NM, Rosewood Little Dix Bay in the British Virgin Islands, the Rosewood Crescent Hotel and the Rosewood Mansion on Turtle Creek, both in Dallas, TX. The Perkins Coie team had acquired all of these assets from the various owners in transactions dating back to 1997 (transaction received the "M&A Deal of the Year Award" at the 2012 ALIS Conference).
Hilton Worldwide
Represented Hilton Worldwide in connection with the refinancing of the Hilton Hawaiian Village Hotel, Honolulu, Hawaii.
Hilton Worldwide
Represented Hilton Worldwide in connection with the refinancing of the Parc 55 Hotel San Francisco, and the Hilton San Francisco Union Square.
Bankruptcy Sale of a Luxury Hotel
Represented a bidder in the bankruptcy sale of a luxury hotel in downtown Boston. The hotel was part of a mixed use development involving hotel, office, retail, residential and convention center elements. As such, there were multiple owners of high rise buildings subject to numerous reciprocal easement and other agreements governing the operation of the site. This matter required the analysis of complex underlying title documents, surveys and other relevant matters and preparation of a purchase and sale agreement that was both competitive, given the nature of the auction, and yet protected our client, all in less than two weeks.
The Fairmont, Chicago, IL
Represented the developer of this hotel and represented a public company in the acquisition and financing of this hotel.
The Fairmont, San Francisco, CA
Represented a private fund in the acquisition and refinancings of this historic hotel on Nob Hill.
The Fairmont Miramar, Santa Monica, CA (formerly the Sheraton Miramar)
Represented a private fund in the acquisition and financing of this hotel, and represented ownership in the refinancing and disposition of this hotel.
Four Seasons Hotel, Mexico City, Mexico
Represented ownership in the financing and subsequent disposition of this hotel.
InterContinental, Chicago, IL
Represented Strategic Hotels & Resorts Inc. in the acquisition of a majority interest in this hotel, including negotiation of the hotel management agreement, the joint venture agreements, the financing documents and the refinancing of this hotel.
InterContinental, Miami, FL
Represented a public company in the acquisition of a majority interest in this hotel, including negotiation of the hotel management agreement, the joint venture agreements, the financing documents and the refinancing of this hotel.
Hotel 71, Chicago, IL
Represented a Chapter 11 debtor in the closing of a $100 million sale of a large downtown hotel property.
Best Western Inn of Chicago, Chicago, IL
Represented a private company in the acquisition of this hotel.
Dolce Norwalk Center for Learning and Innovation, Norwalk, CT
Represented a private fund in the acquisition and financing of this hotel.
DoubleTree Hotel, Modesto, CA and DoubleTree Hotel, Bakersfield, CA
Formed equity structure for ownership in the acquisition, negotiation of the hotel management agreements, financing, and subsequent disposition of these hotels.
Marriott Hotel Fort Collins, Fort Collins, CO
Represented a private company in the acquisition of this hotel and represented ownership in the negotiation of the hotel management agreement and financing of this hotel.
The Fairmont, Dallas, TX
Represented a private fund in the acquisition and financing of this hotel, and represented ownership in a refinancing of this hotel and in an exchange transaction.
The Fairmont, New Orleans, LA
Represented a private fund in the acquisition and financing of this hotel and represented ownership in a refinancing of this hotel and with respect to insurance and financing in the aftermath of Hurricane Katrina.
The Fairmont, San Jose, CA
Represented a private fund in the acquisition and subsequent expansion of this hotel, and represented ownership in a securitized refinancing of this hotel and exchange transaction.
Four Seasons Aviara Hotel and Resort, Carlsbad, CA
Represented ownership in the acquisition, financing, renegotiation of the hotel management agreement and securitized refinancing of this hotel.
Four Seasons Hotel, Austin, TX
Represented ownership in the acquisition and renegotiation of the hotel management agreement, securitized refinancing, and disposition of this hotel.
Four Seasons Hotel, Houston, TX
Represented ownership in the acquisition and renegotiation of the hotel management agreement, refinancing, and conversion of a portion of the hotel to residential condominiums.
Hilton Ontario Hotel, Ontario, CA
Represented C-III Asset Management LLC in the disposition of Hilton Ontario Hotel.
The Holiday Inn, Chicago City Center, IL
Represented a private company in the acquisition of this hotel.
Hotel Pacific, Monterey, CA
Represented C-III Asset Management LLC in the disposition of Hotel Pacific.
The Residence Inn, Columbia, MD
Represented a private company in the acquisition, financing, and disposition of this hotel.
The Residence Inn, National Harbor, MD
Represented a private company in the acquisition, financing, disposition, and development of this hotel.
The Residence Inn, Silver Spring, MD
Represented a private company in the acquisition, financing, and disposition of this hotel.
Rosewood Mansion on Turtle Creek, Dallas, TX
Represented a private fund in the acquisition of an interest in the entity that owns this hotel and represented ownership in a refinancing of this hotel.
Sheraton Detroit Novi Hotel, Novi, MI
Represented Lodging Capital Partners, LLC in its acquisition of the Sheraton Detroit Novi Hotel.
Sheraton Gunter Hotel, San Antonio, TX
Represented C-III Asset Management LLC in the disposition of Sheraton Gunter Hotel.
Sheraton Houston West Hotel, Houston, TX
Represented Integrated Capital, LLC in the acquisition of the Sheraton Houston West Hotel.
TownePlace Suites Columbia South Carolina
Represented C-III Asset Management LLC in the disposition of the TownePlace Suites Columbia.
The Westin St. Francis, San Francisco, CA
Perkins Coie represented Strategic Hotel Capital in the acquisition of San Francisco hotel Westin St. Francis.
Ventura Beach Marriott, Ventura, CA
Represented ownership in the acquisition, financing, and subsequent disposition of this hotel.
Hotels & Leisure: Hotel Franchise Agreements
Represented ownership in connection with the negotiation of hotel franchise agreements for the following hotels:
- Baymont Inn & Suites Columbia (SC) and Roswell (GA)
- Clarion Inn Chattanooga (TN)
- Courtyard by Marriott Beachwood (OH)
- Crowne Plaza Harrisburg-Hershey (PA)
- Fairfield Inn by Marriott Amesbury (MA), Williston (VT), Milford (CT), Wallingford (CT), Woburn (MA), Portsmouth (NH), East Greenbush (NY), Tewksbury (MA), Manchester-Boston Regional Airport (MA)
- Four Points by Sheraton York (PA)
- Holiday Inn Albany (NY)
- Marriott San Antonio (TX)
- Radisson Plymouth (MA)
- Red Lion Fayetteville (NC)
- Red Roof Augusta (GA)
- Wingate Virginia Beach (VA)
- Wyndham Garden Inn Exton (PA)
Real Estate
Independent and Assisted Living Facility Development
Represented client in the acquisition of independent living facilities, assisted living facilities, management company, development company and construction company with a transaction value of $2,000,000,000.
Sale / Leaseback of Restaurants for National Restaurant Chain
Represented a national restaurant chain in the sale/leaseback of 150 Chili’s restaurants in 22 states with a combined portfolio value of more than $550 million. Representation included the negotiation of purchase and sale agreements and leases with the three different purchasers, transfer tax analysis in each applicable jurisdiction, and the preparation of all closing documents.
Green Bay Plaza, Green Bay, WI
Represented C-III Asset Management LLC in the disposition of Green Bay Plaza
West River Shopping Center, Farmington Hills, MI
Represented C-III Asset Management LLC in the disposition of West River Shopping Center
Lincoln at Ivy Apartments, Pontiac, MI
Represented C-III Asset Management LLC in the disposition of Lincoln at Ivy Hills Apartments.
Miami Bluffs Apartments, Cincinnati, OH
Represented C-III Asset Management LLC in the disposition of Miami Bluffs Apartments.
Orland Park Crossing, Orland Park, IL
Represented C-III Asset Management LLC in the disposition of Orland Park Crossing.
Counsel to AJ Capital in the Acquisition and Financing of 25 acres in Miami, FL
Represented opportunity funds raised by AJ Capital Partners, a Nashville-based vertically integrated real estate investment manager, in the acquisition and financing of 25 acres of property in Miami, Florida. The properties are located in a federal opportunity zone and our client has plans for both adaptive reuse of existing buildings as well as ground-up development.
Real Estate Workout
Deed in Lieu of Foreclosure
Represented noteholder, by and through CMBS special servicer, in deed-in-lieu of foreclosure of a nine-hotel portfolio. Represented ownership in real estate owned sale of the hotels.
Deed in Lieu of Foreclosure
Represented noteholder, by and through CMBS special servicer, in deed-in-lieu of foreclosure in for a manufacturing facility in Marion, IL. Represented ownership in real estate owned sale of the property.