Steven A. Solomon, a Principal with Neuberger, Quinn, Gielen, Rubin & Gibber, P.A., is a talented transactional attorney who specializes in hospitality, real estate, finance, lending and corporate structuring. He represents hotel developers and operators, real estate owners, lenders and business owners in an array of sophisticated transactions including asset and portfolio acquisitions, fund formation, acquisitions and dispositions, financing for both borrowers and lenders, including mezzanine financing and preferred equity blended financings, hotel management and franchise matters and corporate matters. With nearly 40 years of transactional experience, Steve is especially adept at navigating negotiations and crafting solutions to the most complex issues while maintaining a cooperative relationship with opposing counsel. He has earned a reputation as an elite “problem solver” who brings a unique perspective to each problem from both a legal and business perspective. Steve has been the lead attorney on transactions ranging from small transactions to transactions that are valued at nearly $1 billion.
Steve started his career as corporate counsel for Marriott International, first representing the hotel group and then acting as counsel on the development of nearly 50 hotels and convention centers throughout the United States. Steve also spent his first year at Marriott in part representing the international division where he worked on hotel matters in London, England, Paris, France, Cairo, Egypt, and Barbados. During his time at Marriott, Steve was lead counsel in connection with the formation of the Marriott Rewards Program, which was the first loyalty program in the hospitality industry and remains the largest rewards program in the industry by a wide margin. Steve was also responsible for all technology contracts, drafting and negotiating hotel management and franchise agreements and hotel general manager legal manuals. He worked as co-counsel in connection with the acquisition of the Howard Johnson’s and Residence Inn hotel chains, as well as the acquisition of a time-share company which launched Marriott’s time-share division. Steve also worked on the largest Section 1031 tax deferred exchange of the 1980’s and performed investor analysis in connection with three of the largest real estate tax-shelter syndications of the 1980’s.
After leaving Marriott, Steve spent 8 years with three large law firms culminating in his appointment as the managing attorney for a 20 attorney Washington, DC office of a large Texas law firm. During this time Steve worked on numerous real estate and hotel developments, acquisitions and dispositions; financings for borrowers and lenders; acquisitions of operating businesses; corporate and partnership formation and structure; and real estate workouts and the handling of distressed properties. During the last two years of this period, Steve also worked as part of the law firm’s 5 attorney consulting group which advised clients on restructuring loans and handling foreclosed properties. He was engaged to create a plan to save a District of Columbia bank with nearly $1 billion in assets from regulatory closure. He was also engaged by a $12 billion bank in the Midwest to create a real estate owned group together with a manual on how to manage and sell OREO assets.
- Georgetown University Law Center (J.D., Cum Laude)
University of Maryland, College Park
(B.A., Government and Politics, Magna Cum Laude)
Business and Management (Minor)
- District of Columbia
- ABA Membership
- Steve has lectured at the Georgetown University MBA program and at the University of Maryland regarding hospitality transactions. He has also served as a moderator and panelist at numerous hospitality conferences across the United States.
- He has been on the advisory boards and board of directors of multiple companies and is currently on the board of directors of NextBank along with serving on the advisory board of a NASDQ traded company.
- Steve founded Solomon and Maged, PC. He also founded Pinnacle Title and Escrow which closed more residential loans in the Washington, DC region than any other settlement company from 2003-2006. Steve continues to hold an interest in Pinnacle.
- Steve spent 8 years with three large law firms culminating in his appointment as the managing attorney for a 20-attorney Washington, DC office of a large Texas law firm.
- Marriott International