Hogan Lovells advises on £1 billion Grange Hotels acquisition

London 21 March 2019 – Hogan Lovells has advised Israel-based Fattal Hotel Group (Fattal) on its acquisition of the operating business and a long-term lease of four London Grange Hotels, from real estate investment firm Queensgate Investments.

The transaction completed concurrently with the circa £1 billion acquisition by Queensgate Investments of the four Grange Hotels (Grange St Paul's, Grange Tower Bridge, Grange City and Grange Holborn) from Grange Hotels, owned by the Matharu family.

Fattal Hotel Group, a €200 billion hospitality group with 200 hotels across 18 countries, will run and implement a programme of rolling refurbishments across the hotels, and will pursue a repositioning and re-branding strategy to drive superior performance and growth, increasing its London portfolio to a total of seven hotels and 2,000 rooms.

The Hogan Lovells team advising was co-led by Jackie Newstead, Global Head of Real Estate, and Sarah Shaw, London M&A partner; with support from real estate senior associates Janan Kanagaratnam and Saad Amjad; and corporate associates Siddharth Rajkhowa and Mandy Ching. Wider support was provided by the London tax, commercial, data protection and IP teams.

Commenting on the deal, Jackie Newstead said:

“Having advised Fattal on a number of transactions across Europe, supporting our client as it expands its UK portfolio and becomes an active operator of four high-end London hotels is an exciting extension of our relationship. This transaction highlights the strength of the hospitality sector in prime London locations”.

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