BLP’s market leading hotels practice has acted for longstanding client PPHE Hotel Group on the sale and leaseback of the Park Plaza London Waterloo, a newly developed 494-room hotel and spa in Central London.
The freehold interest is to be acquired by a unit trust created on behalf of several clients of CBRE Global Investors for £161.5 million, subject to a 199 year lease to a PPHE Hotel Group entity.
PPHE Hotel Group Ltd owns and operates full-service upscale hotels throughout Europe and the Middle East. The company, led by Boris Ernst Ivesha, Chen Moravsky, Robert Henke and Inbar Zilberman, is based in Amsterdam.
The multi-disciplinary team at BLP was led by Partner and Head of Hotels Group, Karen Friebe (Picture), supported by Real Estate Associate Daniel Davies, Head of VAT Alan Sinyor and Tax Senior Associate James Hamon.
Law Firms: Berwin Leighton Paisner;
Clients: PPHE Hotel Group;