Fladgate LLP acted for long standing client London & Regional Properties on the recent refinance by BNP Paribas of the Fairmont Monte Carlo hotel in Monaco.
The Fairmont, a four star luxury hotel is located in the centre of the Principality of Monaco and has 596 guest rooms, residences and suites as well as four restaurants including Nobu and a Nikki Beach.
The Fladgate team was led by finance partner Gary Smith assisted by finance partner Charles Proctor and banking associate Wing Tang.
Commenting on the transaction Gary said: “It was fantastic to be involved in the refinancing of such a prestigious hotel in Monte Carlo for London & Regional and continues to show Fladgate’s strength in the hotels sector both domestic and cross border.”
CMS Pasquier Ciulla Marguet and Pastor acted for London & Regional on Monegasque law aspects of the transaction. Norton Rose and Donald Manasse acted for BNP Paribas.