Trowers & Hamlins advised on the acquisition and financing for the development of the 40 bedroom, luxury L’Oscar hotel being developed in a Grade II listed Baptist Church in London.
L’Oscar has been awarded Europe’s Leading New Boutique Hotel at the World Travel Awards (WTA).
The property, inspired by Oscar Wilde, is the first Jacques Garcia designed hotel in London and opened its doors in September 2018. The Grade II-listed building, a former headquarters of the Baptist church, has undergone a grand conversion into a new 39-bedroom hotel that has been “restored and re-imagined.”
Trowers & Hamlins bought the SPV that owns L’Oscar, acting for the buyer, and refinanced it. L’Oscar received a £21m loan from OakNorth bank and a further £3m from RM Funds.
Partner Tony Poole (Picture) led the Corporate team with assistance from senior associate Ayda Habboush and solicitor Saerim Kim. Tax and Intellectual Property advice was provided by partner Michael Surrey and Caroline Hayward respectively. Partner Yvette Bryan advised on Real Estate with assistance from solicitor Anthony Clarke. Banking and Finance advice was provided by Partner Sarah Gooden and senior associate Claire Ezekwe. The Construction team was led by partner Charles Morrish with assistance from senior associate James Huckstep.
Involved fees earner: Yvette Bryan – Trowers & Hamlins; Anthony Clarke – Trowers & Hamlins; Claire Ezekwe – Trowers & Hamlins; Sarah Gooden – Trowers & Hamlins; Ayda Habboush – Trowers & Hamlins; Caroline Hayward – Trowers & Hamlins; James Huckstep – Trowers & Hamlins; Saerim Kim – Trowers & Hamlins; Charles Morrish – Trowers & Hamlins; Tony Poole – Trowers & Hamlins; Michael Surry – Trowers & Hamlins;
Law Firms: Trowers & Hamlins;