legal experts in hotels - pinsent masons · the portman estate – boutique hotel and ... health...

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4071 Legal experts in Hotels Continued on next page > Our true understanding of the hotel sector is founded on our work for a number of the industry’s leading players, allowing us to offer commercial and pragmatic advice to help achieve your objectives, whether in the UK or internationally. The team provides a comprehensive range of services including legal advice on Operations, Construction/ Brand Specification, Ownership and Hotel Property, Branding, Finance and Human Resources. Working with Hotel Groups Working with Investors/Developers Ability Hotels – Tulip Inn and Dunblane Hydro hotel Advised Ability Hotels on a sale and leaseback of the Dunblane Hydro Hotel and on the acquisition of the Tulip Inn, Glasgow (£7.5 million). Westmont/Staybridge, Newcastle Acting for Westmont on the purchase from dministrators of 166 Staybridge Suites, Newcastle. Accor Acting for global hotelier Accor for a number of their brands including Ibis, Mercure, Novotel, Sofitel and Adagio in relation to their property acquisition requirements across the UK. Acquisitions include Edinburgh, Liverpool and Central London. Project Eagle – Marriott Acted for an Indian sponsored bidder consortium on the proposed acquisition of 42 Marriott branded hotels in the UK. Puma Hotels plc – Premier Inn Hotel Advised Puma Hotels Plc on the development agreement for lease and construction documentation in connection with the development of a new branded hotel in Harrogate to Premier Inn. Redefine International P.L.C. – Acquisition Advised Redefine on the acquisition of five Holiday Inn branded hotels based in London from the Splendid Hotel Group (£106 million), the recent acquisition of the Holiday Inn Express in Earls Court (£27 million) and the Crowne Plaza, Reading (£12.75 million). Albert Embankment – Crowne Plaza Acting for an overseas Middle Eastern developer owner in the development of a new build hotel to be Crowne Plaza (IHG) branded. Advising on construction and operating agreements. The Portman Estate – Boutique Hotel and Manhattan Loft Providing strategic advice on the structuring of the conversion of two Georgian terraced houses into a boutique hotel, on the conversion of a Victorian Fire Station in Central London into boutique hotels to be operated by Manhattan Loft. Opulent Asia Pacific Hotel Brand – The Shard Advising on all of their pre-opening requirements for the Shard in London. Work has included advice on high level employment contracts, pensions advice, tax advice, health & safety gap analysis and negotiation of commercial agreements. US Investor – Portfolio Acquisitions Advising US Investor on the bid and successful acquisitions of two portfolios of non-performing loans secured on hotels and real estate assets in the UK & across Europe with a combined face value in excess of £5.2 billion. Redefine BDL Hotels Management Advising on a range of commercial matters including: the development and management of a hotel in Brae, Shetland with £6.5 million backing from Royal Bank of Scotland and the acquisition of Rosslea Hall in Helensburgh. Telereal Trillium – Contempory luxury hotel operator Advising Telereal Trillium on a joint venture with contempory luxury hotel operator for the development of a hotel in Bath and the grant of a hotel management contract to the operator. Sami Saad Holdings – Ramada Advising the Egyptian owner on the Ramada Encore, West London, for major extension and refurbishment works. Aviva Advising Aviva’s Lime Fund on a forward funding, using an innovative developer’s licence/blocked account Prudential type structure, on a 400 bedroom Premier Inn at Heathrow, Lincoln and also the Carnival plc HQ building in Southampton.

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4071

Legal experts in Hotels

Continued on next page >

Our true understanding of the hotel sector is founded on our work for a number of the industry’s leading players, allowing us to offer commercial and pragmatic advice to help achieve your objectives, whether in the UK or internationally.

The team provides a comprehensive range of services including legal advice on Operations, Construction/Brand Specification, Ownership and Hotel Property, Branding, Finance and Human Resources.

Working with Hotel Groups

Working with Investors/Developers

Ability Hotels – Tulip Inn and Dunblane Hydro hotelAdvised Ability Hotels on a sale and leaseback of the Dunblane Hydro Hotel and on the acquisition of the Tulip Inn, Glasgow (£7.5 million).

Westmont/Staybridge, NewcastleActing for Westmont on the purchase from dministrators of 166 Staybridge Suites, Newcastle.

AccorActing for global hotelier Accor for a number of their brands including Ibis, Mercure, Novotel, Sofitel and Adagio in relation to their property acquisition requirements across the UK. Acquisitions include Edinburgh, Liverpool and Central London.

Project Eagle – MarriottActed for an Indian sponsored bidder consortium on the proposed acquisition of 42 Marriott branded hotels in the UK.

Puma Hotels plc – Premier Inn HotelAdvised Puma Hotels Plc on the development agreement for lease and construction documentation in connection with the development of a new branded hotel in Harrogate to Premier Inn.

Redefine International P.L.C. – AcquisitionAdvised Redefine on the acquisition of five Holiday Inn branded hotels based in London from the Splendid Hotel Group (£106 million), the recent acquisition of the Holiday Inn Express in Earls Court (£27 million) and the Crowne Plaza, Reading (£12.75 million).

Albert Embankment – Crowne PlazaActing for an overseas Middle Eastern developer owner in the development of a new build hotel to be Crowne Plaza (IHG) branded. Advising on construction and operating agreements.

The Portman Estate – Boutique Hotel and Manhattan LoftProviding strategic advice on the structuring of the conversion of two Georgian terraced houses into a boutique hotel, on the conversion of a Victorian Fire Station in Central London into boutique hotels to be operated by Manhattan Loft.

Opulent Asia Pacific Hotel Brand – The ShardAdvising on all of their pre-opening requirements for the Shard in London. Work has included advice on high level employment contracts, pensions advice, tax advice, health & safety gap analysis and negotiation of commercial agreements.

US Investor – Portfolio AcquisitionsAdvising US Investor on the bid and successful acquisitions of two portfolios of non-performing loans secured on hotels and real estate assets in the UK & across Europe with a combined face value in excess of £5.2 billion.

Redefine BDL Hotels ManagementAdvising on a range of commercial matters including: the development and management of a hotel in Brae, Shetland with £6.5 million backing from Royal Bank of Scotland and the acquisition of Rosslea Hall in Helensburgh.

Telereal Trillium – Contempory luxury hotel operatorAdvising Telereal Trillium on a joint venture with contempory luxury hotel operator for the development of a hotel in Bath and the grant of a hotel management contract to the operator.

Sami Saad Holdings – RamadaAdvising the Egyptian owner on the Ramada Encore, West London, for major extension and refurbishment works.

AvivaAdvising Aviva’s Lime Fund on a forward funding, using an innovative developer’s licence/blocked account Prudential type structure, on a 400 bedroom Premier Inn at Heathrow, Lincoln and also the Carnival plc HQ building in Southampton.

4071

Legal experts in Hotels

This note does not constitute legal advice. Specific legal advice should be taken before acting on any of the topics covered.Pinsent Masons LLP is a limited liability partnership registered in England & Wales (registered number: OC333653) authorised and regulated by the Solicitors Regulation Authority and the appropriate regulatory body in the other jurisdictions in which it operates. The word ‘partner’, used in relation to the LLP, refers to a member of the LLP or an employee or consultant of the

LLP or any affiliated firm of equivalent standing. A list of the members of the LLP, and of those non-members who are designated as partners, is displayed at the LLP’s registered office: 30 Crown Place, London EC2A 4ES, United Kingdom. We use ‘Pinsent Masons’ to refer to Pinsent Masons LLP, its subsidiaries and any affiliates which it or its partners operate as separate

businesses for regulatory or other reasons. Reference to ‘Pinsent Masons’ is to Pinsent Masons LLP and/or one or more of those subsidiaries or affiliates as the context requires. © Pinsent Masons LLP 2014.

For a full list of our locations around the globe please visit our website: www.pinsentmasons.com

Working with Banks/Administrators & Receivers Working in Construction

Lloyds Banking Group and Grant ThorntonAdvising on the administration of the Free Trade Hall Hotel Ltd, the owner of the iconic 263 bedroom 5* Manchester Free Trade Hall Radisson Edwardian.

Benmore GroupActed on the development, leasing and forward funding by Aviva of their site at Dale Street Liverpool. The site comprises a hotel, Tesco store and multi storey car park with an approximate value of £15 million.

Jansons – Premier Inn Hotel, SouthwarkActed for this developer on a site in Southwark, London who acquired land. We put in place an Agreement for Lease with Premier Inn and forward sold to Blue Grotto, by way of a share sale of the asset holding entity.

Mandarin Oriental GroupAdvising Mandarin Oriental Hotel Group in connection with re-development construction works at Mandarin Oriental Hyde Park, London.

Sale of the Principal Hayley group’s 23-hotel portfolioActing for the Vendor in respect of Scottish aspects of the sale of the Principal Hayley group’s 23-hotel portfolio to Starwood Capital, which included landmark hotels, The George in Edinburgh and Grand Central Hotel in Glasgow.

Grange HotelAdvising Global Grange Limited, in connection with the construction works at the Grange St Paul’s Hotel and the development of the Grange Tower Bridge Hotel providing project advisory services and advising on construction contracts and consultants’ appointments.

HSBC Bank plc – Development loans to CitizenM HotelsAdvised HSBC on their development loans to CitizenM Hotels, with respect to their new hotels at Lavington Street, London (£14 million) and Tower Hill London (£26 million).

Inter ContinentalAdvising Miller Construction UK on the contractual and funding arrangements for the design and construction of a 251 bedroom hotel for a developer in Stephenson Quarter, Newcastle. The operator will be Inter Continental.

Cassandra AuldSenior AssociateT: +44 (0)141 249 5449M: +44 (0)7824 836071E: [email protected]

William OliverPartnerT: +44 (0)20 7418 7060M: +44 (0)7775 524254E: [email protected]

Ewan AlexanderPartnerT: +44 (0)131 777 7027M: +44 (0)7901 688116E: [email protected]

Ruth AndrewSenior AssociateT: +44 (0)121 260 4043M: +44 (0)7717 301171E: [email protected]

Claire HughesPartnerT: +44 (0)20 7418 8230M: +44 (0)7917 587410E: [email protected]

Howard GillPartnerT: +44 (0)161 250 0125 M: +44 (0)7979 738813E: [email protected]

For more information please contact: