The Chicago-based Global Co-Chair of Latham’s Hospitality, Gaming & Leisure Industry Group, recognized for representing Flynn Properties in a joint venture with Värde Partners and their US$1.1 billion purchase of an 80% interest in 89 select service and extended stay hotels from Highgate Hotels and Cerberus Capital Management.
Gary Axelrod, Global Co-Chair of the firm's Hospitality, Gaming & Leisure Industry Group and former Global Co-Chair of the Real Estate Practice, advises clients on many of their most complex and highest-profile real estate transactions.
Nationally recognized as a leading real estate lawyer, Mr. Axelrod delivers creative and strategic counsel to real estate private equity sponsors and funds, institutional investors, operating companies, real estate investment trusts (REITs), and entrepreneurial developers. His experience spans all types of transactions and asset classes, with a particular focus on hotels, resorts, and gaming properties. He also brings substantial experience advising on international projects, including in Canada, China, Dubai, India, Abu Dhabi, and Mexico.
Mr. Axelrod’s practice includes:
- Complex single-asset acquisitions and dispositions
- Portfolio acquisitions and dispositions
- Entity-level mergers and acquisitions
- Joint ventures, including platform and strategic joint ventures and public-private partnerships
- Development projects
- Debt and equity financings
- Bankruptcies and restructurings, including complex asset-level and corporate-level restructurings
Mr. Axelrod is regularly recognized for his notable legal work by industry publications, including Chambers USA, The Legal 500 US, Law360, Leading Lawyers Network, and Super Lawyers Magazine. He is ranked Band 1 for Real Estate and for Leisure and Hospitality in Chambers USA 2021 and 2022. He has also been recognized by Connect CRE as one of the nation's Top 10 commercial real estate attorneys in its annual Lawyers in Real Estate awards.
Mr. Axelrod also supports community causes by serving as a board member for the Anti-Defamation League, Midwest and assisting clients on a pro bono basis, including in connection with community outreach programs.
Mr. Axelrod regularly serves on the Advisory Boards for Real Estate Law360 and Hospitality Law360, and was licensed as a certified public accountant in 1994.