LG advises leading leisure company on asset swap

2 September 2008

LG, the business law firm, has advised Whitbread on the acquisition of 21 of Mitchells & Butlers plc’s hotels, currently operating as Express by Holiday Inn, in exchange for 44 of Whitbread's pub restaurants.

 

LG advised on the hotels due diligence aspect of the acquisition for Whitbread, which is the UK's largest hotel and restaurant company operating market-leading businesses in the budget hotels and restaurant sectors. 

 

The LG team was led by Real Estate practice group leader Rabinder Chaggar, and real estate partner David Hayward headed up the due diligence team.

Rabinder said: "We were delighted to act on behalf of Whitbread on the acquisition of the 21 hotels. This high profile deal will allow Whitbread to expand its Premier Inn estate with 21 well-located modern hotels. The market response has been positive to this deal underlining as it does Whitbread's successful expansion strategy and objectives .The deal was put together in relatively tight time constraints due to the excellent working partnership between the external advisors and the Whitbread management / in-house legal teams."

Notes to editors:

  • LG provides high quality practical and commercial advice at all stages of the process of creating and dealing with real estate assets in the UK and internationally.

  • Whitbread's brands include Premier Inn, Beefeater, Table Table, Brewers Fayre, Taybarns and Costa Coffee.

 


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