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Latham & Watkins Advises Cain International on Transformative One Beverly Hills Development

February 15, 2024
Firm represents the investment firm in transactions related to the One Beverly Hills project and the Beverly Hilton hotel.

Cain International (Cain), a privately held investment firm focused on real estate and business opportunities that shape the fabric of global gateway cities, announced that construction has begun on One Beverly Hills.

The 17.5-acre urban destination will bring together the Beverly Hilton and Waldorf Astoria with 10 acres of gardens and open space, introducing the West Coast's inaugural Aman hotel, an exclusive Aman club, and a limited number of branded residences. Master planned by globally renowned Foster + Partners, the project will feature a considerable restoration and enhancements to the Beverly Hilton, solidifying its legacy as one of the city's leading entertainment venues.

Latham & Watkins LLP advises Cain in transactions related to the project with a deal team led by New York partner Michelle Kelban, with associates Aida Vajzovic and Lucas Fernandez-Rocha. Advice was also provided on financing matters by New York partner Betsy Jaffe; on land use matters by Los Angeles of counsel George Mihlsten and Century City counsel Benjamin Hanelin; on management and branding documentation by Century City/New York partner Meghan Cocci and Century City counsel Tiffany Taubman; and on tax matters by New York partner Alan Kimball, with associate Christina McLeod.