A partner at a niche law firm has quit his dual role as company secretary of Jarvis Hotels after securing deals worth millions for the leisure group.
Barry Vintner, founder partner of Worfdell & Vintner – a boutique practice specialising in the hotel sector, will however continue in his role as external general counsel to Jarvis Hotels.
Although his firm is on Jarvis Hotels' panel, along with Clifford Chance, he liaises between the leisure group and the magic circle firm.
Vintner stepped down from his role as company secretary at Jarvis Hotels' AGM – the Thursday before the two multi-million pound deals were completed last weekend. Vintner cites pressure of work for the decision.
The first deal was for the u77.21m acquisition of the Hilton London Regents Park Hotel from the Hilton Group, advised by a team from SJ Berwin, led by property partner David Ryland.
He says: “There was a lot of work over the weekend before the transaction exchanged. We wanted to close the deal before Jarvis' AGM.”
The same weekend, Jarvis Hotels secured a further contract to manage nine Hilton and Stakis hotels throughout the UK. The contract will generate a further u8m a year in profits.
The hotels, worth nearly u70m, are being sold by Hilton to Norwich Union.
Norwich Union was advised in-house. Mark Swallow led a team of five lawyers working on the deal.
Two Scottish firms were also brought in to provide advice. Norwich Union retained Maclay Murray & Spens, while SJ Berwin used McGrigor Donald.
Tony Briam, international real estate partner, and Adam Signy, finance partner, led a 15-strong Clifford Chance team. The lawyers came from the firm's international real estate, finance, property, commercial contracts and tax pensions and employment departments.