Profile

Thea Parent has closed billions of dollars in deals, covering most major U.S. markets. Ms. Parent possesses in-depth knowledge of the commercial real estate and hospitality industries, assisting clients with financing and development transactions involving hotels, office buildings, mixed use projects, condominiums, and apartment complexes. She advises REITs, owners, developers, borrowers and lenders with respect to asset secured loans, revolving credit facilities, securitized loans, mezzanine loans, construction loans, and tax-credit financings. She has also structured and documented sales of closely-held businesses, joint venture agreements, and development projects.

Ms. Parent conducts analysis of debt covenants with respect to their impact on operations, planning and strategic transactions. Thea also represents borrowers with respect to restructurings, work-outs and forbearance agreements.

She has handled negotiations of commercial leases, space licenses, equipment leases, and ground leases on behalf of both landlords and tenants. Thea’s leasing experience ranges from restaurant, office and retail space, to warehouse and industrial space.

With extensive knowledge of the hospitality, resort, and restaurant industries, Thea manages all aspects of these transactions. She has led negotiations on behalf of owners with the major hotel brands such as Marriott, Hilton, Hyatt, IHG (Intercontinental Hotels Group) and Choice Hotels International with respect to franchise agreements and hotel management agreements. Additionally, many owners have relied upon her to craft management agreements and negotiate with the large hotel management companies, including Sage Hospitality, Interstate Hotels and Resorts, Crescent Hotels, Davidson Hotels & Resorts, and HHM.

Ms. Parent also counsels developers, owners, and operators on restaurant branding, confidentiality agreements, trademark maintenance, licenses of intellectual property, operating contracts and agreements, concession agreements, restaurant leases and management agreements, licenses and permits, and vendor management. This full service approach allows her to advise on best practices for negotiating.

Memberships

Philadelphia Bar Association, Member

Urban Land Institute, Member

Community Involvement

MindLeaps, Board of Directors

Philadelphia Volunteer Lawyers for the Arts

Practice Highlights

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