Fladgate LLP has advised KE Hotels on the acquisition of the Abbey Hotel, Bath through the purchase of Abbey Hotel (Bath) Limited from The Kaleidoscope Collection. The team also advised on the financing aspects of the transaction which involved a facility for the acquisition of Abbey Hotel (Bath) Limited and one for the refinance of the Best Western Linton Lodge in Oxford, both provided by Metro Bank plc.
The Abbey Hotel has 62 individually designed rooms, a restaurant and bar. It will join KE Hotels’ portfolio, sitting alongside the Best Western Linton Lodge, Oxford and the new Moxy by Marriott in Manchester, currently under construction.
KE Hotels plan to build on the Abbey’s customer experience, by investing in the interiors and the staff, to ensure a modern and comfortable stay for all guests.
Managing Director of KE Hotels Anil Khanna said: “We are so pleased to be adding the Abbey Hotel to our portfolio. It has a great location, moments from Bath’s most visited sights. It also has a wonderful Georgian façade, balanced by welcoming, contemporary interiors and a strong sense of place and identity. We will work hard to make sure that we preserve what makes the Abbey so special, whilst being utterly committed to investing in the hotel and working with the team to continue to grow and enhance the business.”
Fladgate partner Amy Collins said: “Having advised on the sale of the Holiday Inn Kenilworth, the Fladgate Hotels Team is delighted to have continued to support and work alongside KE Hotels on this exciting addition to their portfolio.”
The Fladgate acquisition team advising KE Hotels was led by corporate partner Amy Collins, working alongside property partner James Fry, tax partner Hamilton Forrest, corporate associate Adrian Mawlabaux, employment senior associate Mike Tremeer, property associates Nick Wood and Miles Crawford, commercial associate Michelle Waknine and corporate trainee solicitor Wing-Yan Tang.
The Fladgate finance team advising KE Hotels was led by finance partner Gary Smith, assisted by finance associate Daniel Whebell and finance paralegal Reena Patel.