Ament, Nicole R.

If Nicole Ament is not in the office working on future developments, you will likely find her on a golf course, at a ski mountain or visiting a resort and spa. Ideally she'd be enjoying the amenities at these great locations, but instead, she likes to work on-location to make sure she fully understands all the issues involved that could prevent her clients from successfully acquiring, financing, redeveloping and operating these great assets. Nicole serves as chair of the firm's Hospitality, Resort and Recreation Group.

Nicole’s clients at both the national and local level repeatedly engage her because she takes every step necessary to ensure that the transaction gets done and gets done right. Helping a lender understand the real estate complexities of two ski resorts was not a simple task, but Nicole successfully tackled it when she used her problem solving skills to assist KSL Capital with the recent acquisition of Alpine Meadows ski resort and the combined financing of Alpine Meadows and Squaw Mountain. She also demonstrated her deal making ability recently with the acquisition of Grove Park Inn in Asheville, North Carolina and Royal Palm Hotel in South Beach, Florida. And she did her part to make sure there were plenty of good tee times across the country with the recent refinancing of the ClubCorp portfolio of 176 golf courses, country clubs and business clubs and assisting with the continued addition of more courses to their portfolio.

When she is not “playing” with golf courses and ski areas, Nicole uses her skills to assist real estate clients with land use, development, financing and other issues related to their properties. When the developers of the Fitzsimons Village engaged Nicole to talk seriously with the City of Aurora, they learned how urban renewal dollars could be used to redevelop a site filled with dilapidated hotels and trailer parks into a mixed use development to service the thriving new Fitzsimons Medical Campus. After securing the largest public financing package granted by the City prior to that date, Nicole went to work on aligning the parties necessary to approve the construction of a pedestrian bridge over the state highway, creating the connection necessary between the sites and ensuring a successful development. Additionally, Nicole managed the negotiations with the City of Denver, the City of Aurora, Denver International Airport and four separate school districts for the initial entitlement required for High Point, a 1,700 acre development adjacent to Denver International Airport which involved negotiations.

Representative Matters
  • Represented The Bay Club Company in its acquisition of the Manhattan Country Club, a swim and tennis club in Manhattan Beach, California.

  • Represented ClubCorp Holdings, Inc. in its acquisition of Oakhurst Golf & Country Club in Clarkston, Michigan.

  • Represented ClubCorp Holdings, Inc. in its acquisition of Norbeck Country Club in Rockville, Maryland.

  • Represented ClubCorp Holdings, Inc. in its acquisition of North Hills Country Club in Glenside, Pennsylvania.

  • Represented ClubCorp Holdings, Inc. in its acquisition of Eagle’s Nest Country Club in Phoenix, Maryland.

  • Represented Squaw Valley Alpine Meadows in a refinancing of a term loan and revolving credit facility from Wells Fargo Bank. Squaw Valley Alpine Meadows is a premier ski resort and a portfolio company of KSL Capital Partners.

  • Represented The Bay Club Company in securing term and revolving credit facilities. Proceeds were used to repay existing credit facilities and will be used for future acquisitions, capital expenditures and working capital.

  • Represented The Bay Club Company, a California-based active lifestyle corporation, in acquiring The Golf Club at Boulder Ridge in San Jose, CA.

  • Represented The Bay Club Company, a California-based active lifestyle corporation, in acquiring Fairbanks Ranch Country Club in San Diego, CA.

  • Brownstein acted as lead real estate general counsel for Freeport LNG Development, L.P. (Freeport LNG) and its subsidiaries in the acquisition of a multi-train natural gas liquefaction and export facility being constructed at Freeport LNG’s existing LNG regasification facility at Quintana Island near Freeport, Texas. The real estate component of this project involved (i) closing-on and repurposing over 13 miles of pipeline, (ii) acquiring owner and lender title policies for the entire project in the amount of $US11 billion, which was one of the largest issuances of title insurance in history and involved every national title insurance company, and (iii) using complex conveyance instruments to provide common ownership for portions of the project and maintaining separate ownership for other portions. The total committed debt and equity (including for contingencies and cost overruns) is in excess of US$11 billion. The financing was the largest fully non-recourse construction project financing in history.

  • Represented ClubCorp Inc. in its acquisition of Atlanta-based Sequoia Golf in a deal valued at roughly $265 million. The deal for the additional 50 clubs was negotiated and concluded in only two months.

  • Represented KSL Capital Partners in its acquisition of a controlling interest in Miraval Resort & Spa, a luxury wellness spa in Tucson, Arizona, and its brand. Additionally, the firm negotiated joint venture/partnership agreement with the prior owner, and restructured Miraval as part of the $215 million acquisition.

  • Represented KSL Capital partners, in the sale of the Bay Club Companies to York Capital Management with a minority investment from JMA Ventures and the company's management team.

  • Represented KSL Capital Partners, a Colorado based private equity firm, in the refinancing of the credit facility for the James Royal Palm Hotel in Miami.

  • Represented Western Athletic Clubs in its financing of a Term Loan from Ventas Healthcare Properties, Inc.

  • Represented KSL in the refinancing of Barton Creek Resort and Spa in Austin, TX comprised of a new senior and mezzanine loan.

  • Secured $30 million financing for The Homestead, a historical luxury resort and spa in Virginia.

  • Represented KSL Capital Partners in its acquisition of The Grove Park Inn Resort & Spa, a historic resort in Asheville, North Carolina.

  • Served as counsel to Vail Resorts Development Company and RCR Vail, LLC in connection with New York state registration to permissibly market its Vail, Colorado-based Ritz-Carlton Residences project to prospective New York purchasers.

  • Represented KSL Capital Partners, LLC as the purchaser in its $130 million acquisition of the Royal Palm Hotel located in Miami Beach, FL, including $90 million of seller financing. Brownstein also negotiated the purchase and sale agreement and seller financing documents, completed due diligence and closed the acquisition in less than 60 days.

  • Negotiated and consummated the purchase of an 18-hole golf course, club house, and related facilities located in Henderson, Nevada. Brownstein also advised the client on various real estate, litigation, corporate water rights and business licensing matters.

  • Represented a private equity investment firm in its initial platform acquisition of a leading provider of innovative repairs and advanced coatings for the aerospace, industrial gas turbine and oil and gas industries from a private equity fund.

  • Assisted Western Athletic Clubs reorganize its corporate structure through internal corporate mergers.

  • Represented Vail Resorts, Inc. in its $40.5 million acquisition of Colorado Mountain Express, a resort ground transportation business. Brownstein also handled the related real estate, tax, environmental, ERISA and employment aspects of the transaction.

  • Lead counsel and principal negotiator in adjudicating and purchasing direct flow and storage water rights for the Silverton Ski Area.

  • Represented ClubCorp in the acquisition of Heritage Golf Club in Hilliard, Ohio.

News & Events
Community

Leadership Denver, 2008

50 for Colorado, 2006

Chair, Economic Development Group, South Metro Denver Chamber of Commerce

Board Chair, South Metro Denver Chamber of Commerce

Board of Directors, Kempe Foundation

Executive Committee, Urban Land Institute

Site Acquisition Committee, Habitat for Humanity

Steering Committee, Colorado Women's 'Power of One'

Trustee, South Suburban Christian Church

Publications & Presentations
Education
  • J.D., 1998, University of Denver Sturm College of Law, Order of St. Ives
  • B.A., 1995, Trinity University
Admissions
  • Colorado, 1998
Recognition
Colorado Super Lawyers, 2009
Membership

Colorado Bar Association

Colorado Women's Bar Association

Denver Bar Association

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