Taylor Wessing, the international law firm, has advised Canada Life Limited on the sale of the Holiday Inn in Birmingham, Walsall M6, Jct.10 to CL Capital - an Asian based investment fund.

The Holiday Inn hotel has 156 bedrooms and is strategically located with excellent transportation links nationally. The hotel has undergone extensive investment across the bedrooms and public areas and benefits from health and leisure facilities including a swimming pool as well as extensive conference and meeting facilities. The hotel regularly serves a number of local, regional and national clients and is popular for meetings and event functions.

Kew Green Hotels will continue to manage the hotel.

The Taylor Wessing hotels team was led by partner Ronald Graham and supported by senior counsel Maddalena Padrin and senior associate Natasha Cooper.

Commenting on the transaction, Ronald Graham said: “The Holiday Inn Birmingham – Walsall, M6, Jct. 10 is a prized asset due to its location in a core secondary investment market in the UK, and its brand name which attracts strong footfall. Interest from national and international investors was understandably high, and we are happy to have executed the transaction on behalf of Canada Life Limited.”

The hotels group at Taylor Wessing is number 1 ranked by Legal 500 for its work in the hotels sector and has a wealth of experience in advising on hotel, restaurant and hospitality projects around the world. Its highly experienced international team of lawyers work from offices in Europe, the Middle East and Asia, and have a deep understanding of the hotel & leisure industry, its markets, brands and participants.