JSA assisted M/s. Sapthrishi Buildcon LLP, a part of hotelier Vikram Agarwal’s group, in acquiring the landmark property ‘Clarion Hotel President’ from M/s. Ariff & Co.
The advisory included structuring and documentation for ongoing SARFAESI proceedings and acquisition documents, facilitating the property acquisition while settling liabilities.
Located in Chennai’s central business district, the property is slated for development into a luxury residential project by ASTA Properties.
Leading the transaction team were Varun Sriram, as Lead Partner, and Aravind Raj, as Partner, supported by Associates Nithyashree Venkatesh, Aishwarya Venkatesh, and Priyanka Ponna.
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