Fladgate LLP has advised Adventurous Journeys Capital Partners and other investors on the disposal of Hotel Saint-Barth Isle de France to LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury products group. The five star hotel, located on Flamands Bay on the Caribbean island of St Barthélemy, has won numerous awards.
Adventurous Journeys, based in Chicago, is a specialist real estate investor, which has built a portfolio of luxury lifestyle-driven investments. The group develops, owns and operates commercial and hospitality assets around the world.
The Fladgate team was led by corporate partner Alex Kaufmann. The corporate team included partner Charles Wander as well as corporate associate Adrian Mawlabaux. Tax advice was provided by Fladgate head of tax Huw Witty. Partner Richard Reuben advised on property aspects.
Baker & McKenzie, led by North American Hotels head Richard Cremieux, advised Adventurous Journeys on US and French law aspects.
LVMH was advised by Chicago based law firm and long standing advisers Barack Ferrazzano Kirschbaum & Nagelberg, with name partners Peter Barack and Dennis Ferrazzano leading the team. Travers Smith Paris head William Howard advised LVMH on English law aspects.
Fladgate partner Alex Kaufmann said: “We advised the original shareholders of the company when they sold the majority interest in the Isle de France hotel to Adventurous Journeys and were delighted to be given the opportunity to act for Adventurous Journeys on their exit from the investment. This was an interesting transaction on many levels and we thoroughly enjoyed working with the client as well as with Bakers and the LVMH team. It would have been good to close the deal on site, but you can’t have it all.”
Fladgate chairman, Charles Wander, added: “Our relationship with the owners of the Hotel Isle de France goes back very many years, having been introduced by the senior partner in our hotels team, Tony Vaughan. It has been a pleasure to have been associated with the hotel and its investors throughout its successful lifecycle of development, culminating in this sale.”