Thompson LLP Finalizes Lease for Long Island Motel Project

Daniel Seidenstein, Commercial Real Estate partner at Thompson LLP, has finalized a lease for a motel on Long Island’s North Fork.

Under the terms of the lease, the motel is set to undergo significant renovations with the intent of becoming a luxury destination.

“We are pleased with the result of our negotiations for this property and I look forward to seeing how the vision of my clients comes to fruition,” said Daniel. “Turning an old property into an upscale hotel will attract new visitors to the area and benefit the local economy, so it truly benefits all parties involved.”

Daniel has significant experience handling complex commercial real estate transactions. Daniel’s work involves the sale, purchase, and leasing of commercial properties. He has represented clients on transactions involving major office spaces, retail stores and billboard space. He has specific capabilities in utilizing a multitude of commercial instruments to secure financing, including security agreements, mortgages, and promissory notes.