Kenneth B. Marcus
Kenneth Marcus has over thirty years of experience in the areas of commercial real estate development, finance, leasing, purchases and sales. He also has extensive experience in the formation of partnerships and limited liability companies, and corporate finance. His real property practice includes the development, acquisition, sale, financing and restructuring of hotels, office buildings and shopping centers, with particular expertise in the hotel industry. Mr. Marcus holds Martindale-Hubbell’s highest possible professional rating (AV) for both his skill and his integrity. Mr. Marcus has also participated in the reorganization of and recovery of assets for insolvent insurance companies. Mr. Marcus is Vice Chairman of the Stadium Authority of the State of Hawaii, the past-President of Temple Emanu-el in Honolulu, and lives with his wife and three children in Kailua.
Some examples of Mr. Marcus’ work include:
Asset Based Financing. Represented one of the Island’s largest businesses in acquiring a four-tranche, $100+ million borrowing facility, including the issue of warrants and related corporate reorganization.
Hotel Management Agreement Analysis. Retained by one of the nation’s largest hotel management companies to review and update their standard hotel management contract.
Hotel Development Workout. Represented developer of large resort development in negotiating workout and buyout of interests of lenders and investors.
Formation of Real Estate Investment Funds. Organized complex, multi-tier investment funds formed for investments in the United States, Mexico and Asian properties.
Resort Development. Represented clients in development of urban businessmen’s hotels in the United States and Mexico, resort/hotel/golf development in the United States and Mexico.
Management Agreement Auction. Represented owner of 5-star resort in soliciting proposals from the nation’s largest management companies, reviewing and negotiating those proposals and negotiation of joint venture/hotel management relationships with chosen operator.
Hotel Acquisitions. Represented purchasers of hotel properties in Hawaii and nationwide, ranging from single, limited service properties to portfolio purchase of 24 full-service hotels.
Hotel Sales. Represented sellers of major resort properties; among recent transactions was the sale of the Grand Wailea Resort.
Hotel Management Agreements. Mr. Marcus has negotiated management agreements for both management companies and owners.
Urban Redevelopment. Has represented developers in negotiations with local, state and city authorities for developments ranging from festival waterfront restaurant complexes to $1 billion offshore residential development.
Shopping Center Development and Leasing. Represented anchor tenants, in-line tenants, and landlords of shopping center properties in connection with leasing, acquisition of pads, reciprocal easement and operating agreements, construction and permanent financing and formation of investment ventures.
Office Building Development. Represented developer of mid-town high rise office building under various ground and air rights leases; responsible for tenant leasing, as well as financing.
Insurance Insolvency. Represented the Insurance Commissioner of the State of Hawaii in connection with Hawaiian Insurance Group and Investors Equity Life Insurance Co. insolvencies; wrote the reorganization plan for HIG and handled sale of the company to Vesta Insurance.
