International law firm Greenberg Traurig Maher LLP advised InterContinental Hotels Group PLC (IHG) on the sale of InterContinental London Park Lane to Constellation Hotel (Opco) UK S.A., a private investment vehicle owned by Constellation Hotels Holding Limited.
IHG has agreed to sell its interest in the InterContinental Park Lane Hotel for £301.5m. The property will continue to fly the InterContinental flag, with an IHG management contract in place for up to 60 years.
“We have a longstanding relationship with IHG and are delighted to have obtained a positive result for our client,” said Paul Maher, Chairman of Greenberg Traurig Maher LLP. “We are very proud of the team’s efforts, and applaud its success in ensuring this critical deal was signed.”
The GTM team was led by Shareholder Fiona Adams, supported by Associates Nicky Maan and Ife Adebajo. GTM Shareholders Justin Hamer and Naomi Feinstein advised on Tax and Employment matters, respectively. Partner Stephen Laud of Stephenson Harwood LLP, long standing advisor to IHG on this property, assisted on the Real Estate aspects of the transaction, supported by Associate Kate Mauthoor on Construction matters. The team worked with an impressive IHG in house legal team comprising Daisy Llewellyn, Jon Grech and Nigel Stocks.
IHG is a global organisation with nine hotel brands that also manages the world’s first and largest hotel loyalty programme with over 71 million members worldwide. IHG franchises, leases, manages or owns over 4,600 hotels and more than 675,000 guest rooms in nearly 100 countries and territories. IHG is incorporated in Great Britain and registered in England and Wales.
