Fladgate advises on £101m sale of the InterContinental London Westminster

Our team: James Fry

Fladgate LLP has recently advised Splendid Hotel Group on the £101m sale of their InterContinental London Westminster Hotel development.

The development was purchased by Supreme Hotels LLP who will complete the 256 room 5 star hotel which is scheduled to open at the end of 2012. Debt funding for the purchase was provided by HSBC.

Fladgate property partner James Fry, a member of the firm’s hotel sector team, advised Splendid Hotel Group. Fladgate are currently advising Splendid Hotel Group on the sale of two further hotel development sites as well as two trading hotels.

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