Fladgate acts on £92.5m acquisition for Flora Developments Limited

5 June 2018

Fladgate LLP acted for Flora Developments Limited, a subsidiary of ABIL Infraprojects Limited, India which is a large Indian construction, real estate development and hospitality company, for the acquisition of prime real estate in Central London known as Griffin House, 5/6 Strand, London WC2N 5HR for a purchase price of £92.5 million. The property currently […]

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2018 forecast for the hotel industry

26 February 2018

A number of the agents who are active in the hotel industry have published market reviews of 2017 and indicated their views on the trajectory of the market this year. Some common items emerged: RevPAR growth in 2017 of over 4% was supported by weak sterling which reduced costs for overseas visitors and discouraged foreign […]

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KE Hotels acquires Abbey Hotel (Bath) Limited

20 February 2018

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 […]

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Funding for Dundee hotel development

6 February 2018

Fladgate’s hotel team has advised clients on the provision of funding, by Coutts & Co, for the redevelopment of two sites in Dundee into InterContinental Hotels Group branded hotels. The team advised on the negotiation and agreement of finance documents including the facility agreement and security as well as the associated hotel management and franchise […]

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Planning for a successful hotel project

25 January 2018

A batch of High Court cases from 2017 reminds us of the challenges that arise when building hotels.  Last year we saw cases concerning a new luxury hotel near Heathrow Airport,[1] works to the Albert Embankment Crowne Plaza[2] and a new hotel at Lifeboat Quay in Poole[3]. It is not unusual for hotel projects to […]

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Khanna to develop 145 bedroom hotel in Manchester

10 November 2017

Fladgate LLP has acted for Khanna Enterprises (Manchester) Limited on the acquisition of Invicta House, Atkinson Street, Manchester.  The purchase was conditional on securing planning permission for change of use from an office to a hotel and the subsequent development of a new build, 145 bedroom hotel.  Real estate partner James Fry led the Fladgate […]

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FEMSA sells €2.5bn sale of shares in Heineken

2 November 2017

Fladgate LLP has advised FEMSA (Fomento Económico Mexicano, S.A.B. de C.V.) in connection with its on-market sale of approximately €2.5bn worth of shares in Heineken NV and Heineken Holding N.V., representing 5.24% of FEMSA’s combined interest in the Heineken Group.  Following completion of the equity offering FEMSA retains a combined interest in the Heineken Group […]

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Patron Capital sells Luxury Family Hotels

20 October 2017

Fladgate LLP has advised funds managed by Patron Capital, the pan-European institutional investor focused on property backed investments, on the sale of Luxury Family Hotels to its management team and their backers. The acquisition, for an undisclosed sum, includes five of its hotels – Woolley Grange, The Ickworth (pictured), New Park Manor, Moonfleet Manor and […]

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Top ranking for hotels & leisure team in Legal 500 2017

12 October 2017

Fladgate’s hotels and leisure team is delighted to have received a top tier ranking in this year’s Legal 500, published yesterday. Editorial commentary states: “Fladgate LLP’s ‘strong team with strength from partners to associates’ is ‘very experienced in the leisure sector’, where key players include the ‘very commercial and deal orientated’ Stephen Lewis, and Mark […]

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Sale of Sports Bar & Grill to Stonegate

3 October 2017

Fladgate LLP has advised the principal shareholder of Bar Holdings Limited on its acquisition by Stonegate Pub Company.  Bar Holdings Limited operates five bars trading under the Sports Bar & Grill brand.  The acquisition provides Stonegate with entry into the transport hub market, with four of the five bars situated in major London transport stations. […]

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