"“We are very pleased to have worked alongside our Real Estate practice on yet another sizeable hotel acquisition, and wish Oberoi all the best with this exciting new venture in a prime London location.”"
Matthew Lindsay, Memery CrystalMemery Crystal advises Oberoi Hotels & Resorts on acquisition of first UK hotel site in Mayfair
At a glance
Memery Crystal is delighted to announce that its Real Estate team has acted for new client, EIH London Investments Limited, on the acquisition of its first UK hotel. EIH London Investments Limited, trading as Oberoi Hotels & Resorts (“Oberoi”), are a major international luxury hotel brand incorporated in India, and are looking to expand into the UK through this first acquisition.
The site in question is located in Mayfair and forms the cornerstone of Grosvenor’s £500m South Molton Triangle redevelopment.
The transaction was led by Matthew Lindsay, co-Head of Banking & Finance, with the property aspects of the transaction being coordinated by Sam Silverman and Matthew Hind, both Partners in the Real Estate department. Additional support was provided by Anukrit Bhargava, Associate, and Karkay Lee, Solicitor.
Matthew Lindsay commented:
“We are very pleased to have worked alongside our Real Estate practice on yet another sizeable hotel acquisition, and wish Oberoi all the best with this exciting new venture in a prime London location.”
On this transaction, BCLP acted for the landlord, Grosvenor and Johnny Sandelson acted as property consultant for Oberoi.
The project team
Matthew LindsayPartner, Joint Head of Banking & Finance
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Sam SilvermanPartner, Real Estate
Matthew HindPartner, Real Estate
Anukrit BhargavaAssociate, Banking & Finance
Karkay LeeSolicitor, Real Estate