A team of Tucker Ellis attorneys led by Chaz Weber represented Flagstar Bank as a lender in the refinancing of the Alida Hotel in Savannah, Georgia. The $52 million+ financing package will position the historic 173-room Savannah riverfront property to move into the next decade of its life. Tucker Ellis advised Flagstar throughout the structuring and negotiation of the loan and cash management documents, including finalizing a comfort letter with the property’s franchisor.