Real Estate & Hospitality

PFA has provided financial analysis for new commercial developments in emerging market including Brazil and the former Soviet Union. Mr. Rubin committed, structured and negotiated financial terms for the first western financed commercial real estate venture in St. Petersburg, Russia – Nevsky 25. The City of St. Petersburg is a direct equity participant as is the EBRD. OPIC provided $13.5 million in senior debt to the project.

Case Study

PFA acted as financial advisor for the Overseas Private Investment Corporation for a hospitality project in Sao Paulo, Brazil. Hyatt International had approached OPIC for a loan of up to $61 million for construction of a five star hotel (the Grand Hyatt Sao Paulo) in Sao Paulo, Brazil. The hotel is situated close to the Sao Paulo International Airport. Marginal Pinheiros, the location of the subject site, is situated in the path of recent and anticipated future development of the city.