Peter Benudiz is a partner in the Los Angeles office of Milbank, Tweed, Hadley & McCloy. He is co-leader of the firm’s Gaming and Hospitality practice.
Primary Focus & Experience
Mr. Benudiz is experienced in all legal disciplines critical to hospitality and real estate projects, and understands all forms of real estate, hospitality, and financings, including private equity deals, traditional construction and permanent loans, convertible and participating debt, mezzanine debt deals, securitizations and other hybrid real estate and corporate debt transactions. He also has a wide breadth of experience in negotiating and documenting highly complex workouts and restructurings involving hospitality assets and real estate secured debt, both inside and outside of the bankruptcy context.
Mr. Benudiz has represented some of the world’s largest financial institutions and private equity funds in connection with the financing, workouts and acquisitions of some of the most significant and well-known real estate and hotel projects. He has been the lead lawyer on financings, acquisitions and dispositions of billions of dollars of real estate and hospitality assets, ranging from highly leveraged private equity deals in the hospitality world, as well as land assemblages, development of office projects, shopping centers, to the acquisitions, dispositions and financings of so-called “one-off” deals and portfolio transactions of five star luxury resorts, condo hotels, mixed use and master plan projects, golf courses and spas in the US and abroad (with a particularly well recognized practice in Mexico).
Mr. Benudiz coordinates and manages various real estate and hospitality related matters for some of the most sophisticated users of legal services -- including partnership and corporate securities issues, tax issues, workouts, bankruptcies and litigation, all aspects of traditional real estate and hospitality properties and recreational facilities, management agreements and franchise agreements.
Recognition & Accomplishments
Mr. Benudiz has been featured either as a lecturer, moderator or panelist at over 75 hospitality domestic and international investment conferences during the course of his career. The topics have ranged from cross-border transactions, hotel financings, restructurings, management agreements to joint venture and corporate structurings. He was also a teaching fellow at Harvard University Department of Government while attending Harvard Law School and has been a member of the UCLA Extension Program Faculty teaching Introductory Hotel Law.
He is consistently recognized as one of the leading hospitality lawyers in the United States and has been is ranked in Band 1 for Leisure & Hospitality by Chambers USA since 2010.