Fladgate LLP has advised Sanguine Hospitality (Sanguine), a Liverpool based hospitality development and ownership company, on the acquisition by Interstate Hotels & Resorts (Interstate) of Sanguine’s management platform.
The transaction signifies Interstate’s entrance into the UK market with Sanguine’s high quality portfolio of 14 hotels, aggregating more than 1,900 rooms, added to Interstate’s European portfolio. The portfolio will be managed under long-term contracts.
Fladgate corporate partner Julian Lewis led the team advising Sanguine assisted by corporate solicitor Sam Tye.
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