Leading global law firm, Baker McKenzie has advised Edwardian Group Limited, one of the UK's leading privately owned hotel groups, on the sale of a portfolio of 10 hotels to Starwood Capital Group (Starwood Capital), a global private investment firm with a primary focus on real estate.
The portfolio comprises 10 hotels with 2,053 rooms. Edwardian Group will continue to own and operate its three landmark properties comprising The Londoner and its two Radisson Collection hotels, The May Fair and The Edwardian Manchester, following closing of the transaction.
Alongside the acquisition, Starwood Capital and Edwardian Group intend to collaborate on future opportunities together. As part of this relationship, Edwardian Group will continue to operate the portfolio on a transitional basis while Starwood Capital plans its future investment into the hotels.
Led by Corporate Partner, Susannah Davies, the Baker McKenzie team includes:
• Corporate M&A: Laura Gonzalez (Senior Associate), William Costa (Associate), Nick Holder (Trainee)
• Banking & Finance: Nick O'Grady (Partner), Edward Ruckert (Associate), Serge Diaz (Trainee)
• Real Estate: Ben Farnell (Partner), Jack Rubin (Senior Associate), Charlene Tomita (Associate)
• Intellectual Property: Sue McLean (Partner), Gemma Jones-Parry (Senior Associate), Jalil Karim (Senior Associate)
• Tax: Alistair Craig (Partner), Rohit Karamchandani (Senior Tax Adviser), Abigail King (Associate)
Commenting on the transaction, Susannah Davies, said: "We are delighted to have supported Edwardian Group on the sale of this landmark Central London hotel portfolio. The sale represents a great opportunity for Edwardian Group to focus on its next era of growth and we look forward to further supporting the business as it continues to develop its vision for the future over the coming years."
Paul Hastings and White & Case advised the buy-side.
16 January 2024