Fladgate advises Tritax on £71m hotel transaction

Our team: Ella Leonard, Adrian Mawlabaux

Fladgate LLP has advised Tritax on a £71m deal with Accor to purchase a portfolio of 13 UK hotels for its HotelInvest business.

The portfolio comprises 12 properties operated by Ibis and another by Ibis budget, with a total of 1,194 rooms. Three are located in London with the others in regional cities.

Fladgate funds partners Ella Leonard and Philip Turner, with assistance from corporate solicitor Adrian Mawlabaux, advised Tritax.

Commenting on the transaction Tritax Chairman Mark Shaw said: “Our very first transaction with Fladgate was the setting up of the Tritax Accor Hotel Trust in 2005, and established our long-standing and on-going relationship with the firm. This sale marks the exit of that trust nine years later.”

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