Khanna Enterprises’s acquisition of Invicta House in Manchester

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 team advising on the acquisition.

Partial demolition of the existing office building and construction of the new hotel will commence in early 2018, with Fladgate’s construction team, led by Barry Hembling, advising on all construction related matters.

Khanna Enterprises has already entered into a franchise agreement with Marriott Hotels for the new hotel to be operated as a “Moxy” branded hotel.

Commercial partner Eddie Powell (picture) advised on all the franchise documentation.

Involved fees earner: James Fry – Fladgate LLP; Barry Hembling – Fladgate LLP; Eddie Powell – Fladgate LLP;

Law Firms: Fladgate LLP;

Clients: Khanna Enterprises Limited;