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Acquisition of The Castleton Hotel for established Malaysian client Berjaya Land Berhad

29 Oct 2014

Trowers & Hamlins has acted for established client Berjaya Land Berhad on the successful acquisition of The Castleton Hotel, Paddington, London by its subsidiaries Berjaya Vacation Club (UK) Limited and BHR (Cayman) Limited for circa £10 million.

The acquisition involved the purchase of the hotel and assets from the property-owning seller, together with the business and trade from the business-owning seller. The Castleton is now the second hotel in Berjaya's UK hotel portfolio, which already included the Eden Park Hotel in Bayswater.

Youssef Boulos in the firm's Corporate department led the deal, with Stephen Marks leading on the real estate elements.

Matter Type
Asset Sale: Acquiror's Counsel
Industry
Real Estate & Construction
News Category
M&A
Real Estate & Construction