Songy Highroads’s $66,992,100 Million Financing Of Margaritaville Hotel


King & Spalding advised Songy Highroads, LLC.

King & Spalding advised Songy Highroads, LLC in connection with the closing of credit facilities totaling $66,992,100, comprised of a $44,750,000 mortgage loan from Centennial Bank and a $22,242,100 mezzanine loan from CarVal Investors LP and Ramsfield Hospitality Finance LLC. Proceeds of the loans will be used by Songy to fund the development of a Margaritaville hotel and resort on the shoreline of Lake Conroe, Texas, the first of its kind in Texas.

The King & Spalding team was led by Darren Inoff (Picture), Tucker McCarthy, Whitney Crayton, Laura Westfall, Hector Llorens Jr, Katherine Dugat, Cheryl Sabnis, Robert Andrew Beard, Alexis Early, Dave Powell, Christopher McCoy, Roland Macher, John Sweet, Kimberlee Cagle, Mitchell Moore Jr, Chelsea Vernon, Darrick McDuffie, Joseph Eisert and Brandon Ress.

Involved fees earner: Robert Beard – King & Spalding; Kimberlee Cagle – King & Spalding; Whitney Crayton – King & Spalding; Katherine Dugat – King & Spalding; Joseph Eisert – King & Spalding; Darren Inoff – King & Spalding; Roland Macher – King & Spalding; Tucker McCarthy – King & Spalding; Christopher McCoy – King & Spalding; Mitchell Moore Jr. – King & Spalding; Dave Powell – King & Spalding; Brandon Ress – King & Spalding; John Sweet – King & Spalding; Chelsea Vernon – King & Spalding; Laura Westfall – King & Spalding;

Law Firms: King & Spalding;

Clients: Songy HighRoads LLC;