London—Dentons has advised the Al Habtoor Group on the corporate acquisition of the Hilton London Wembley from funds managed by Oaktree Capital Management, L.P. The group already has two Hilton-branded hotels in Lebanon, one in the United States, and two five-star hotels in Hungary.
The landmark Wembley hotel, which first opened in 2012, boasts 361 rooms and suites, conference and banqueting facilities, an indoor swimming pool, and a fitness centre complete with sauna and steam rooms. The hotel overlooks the National Stadium in the heart of Wembley Park, an 85-acre regeneration project involving the development of large-scale retail, residential, office and entertainment facilities.
Commenting on the transaction, partner, Simon Masri said: “We were delighted to have acted for our long-standing client Al Habtoor in connection with this important acquisition boosting the group's international property portfolio with the addition of this contemporary hotel."
Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, said: “I am delighted with the addition of the Hilton London Wembley. I have been looking at the London market for some time. The hotel is in an ideal location. It is close to the iconic Wembley Stadium, Heathrow Airport and the centre of London.”
The Dentons' team was led by hotels and leisure partners Simon Masri and Matt Tinger, with corporate support from Max Moore and Farrah Kiyani and real estate support from Laura Gowing.