Fladgate advises Splendid Hotels on £50m development site sale

Our team: James Fry

Fladgate LLP has advised Splendid Hotel Group (Splendid Hotels) on the sale of a £50 million hotel development site in London. The site, to be known as Hilton Bankside, Southwark, has been purchased by Synergy Hotels LLP.

Real estate partner and hotel sector specialist James Fry advised Splendid Hotels. The transaction was conditional on the assignment of an existing hotel management agreement with Hilton Hotels. The 5 star, 280 bedroom hotel is scheduled to open in 2014. The sale follows Splendid Hotels’ previous disposal of their Intercontinental Westminster development in Victoria for £101 million on which Fladgate also advised.

Fladgate’s cross-firm hotels team provides the full range of legal services required by clients across the industry spectrum, from listed hotel chains, operators and companies supporting the hotel industry, to luxury high end resorts.

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