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 Group.
Primary Focus & Experience
Mr. Benudiz is widely recognized as one of the leading hospitality lawyers in the United States. He has been ranked nationally in Band 1 for Leisure & Hospitality by Chambers USA since it began ranking lawyers nationally in the hospitality industry. Chambers notes that Peter is “unsurpassed in the hospitality sector” and cites peers and clients as saying he “has the knowledge base of a scholar, but he’s practical too”. Peter regularly advises global hospitality companies, investment banks, private equity and hedge funds and their CEOs, boards of directors and investors on some of their most sensitive tactical, strategic and structuring issues.
Many of the world’s largest financial institutions and private equity funds call on Peter to advise them on the acquisition, financing and restructuring of some of their most high profile and significant real estate and hotel projects. He has been the lead lawyer on billions of dollars of real estate and hospitality transactions, including domestic and cross-border leveraged private equity deals. He includes among his many notable engagements his representation of the Lehman Brothers Official Creditors’ Committee on all real estate and hospitality assets worldwide following Lehman’s Chapter 11 filing, as well as his representation of the senior-secured lender of the World Trade Center Towers on the loan restructuring negotiations and insurance claims relating to 9/11.
Recognition & Accomplishments
Peter has been featured either as a speaker, moderator or panelist at over 200 domestic and international hospitality, finance and investment conferences during his career. The topics have ranged from cross-border transactions, financings, restructurings, management agreements to joint venture and corporate restructurings. Peter is the author of dozens of published articles on those and other topics. He was also a teaching fellow at Harvard University Government Department while attending Harvard Law School and has been a member of the UCLA Extension Program Faculty teaching Hotel Law.