Hogan Lovells has advised Constellation Hotels on the £301.5m acquisition of the InterContinental Hotel on London’s Park Lane.
The Middle Eastern private investment group also purchased the freehold interest in the property from The Crown Estate for £98.5m.
Constellation Hotels has granted the InterContinental Hotels Group a 30-year management contract on the hotel, with three 10-year extension rights, resulting in a total possible contract length of 60 years.
The Hogan Lovells team advising Constellation Hotels was led by London real-estate partner Chris Berry. He was supported by partner Jackie Newstead, counsel Anita Zacharias, senior associates Jill Pittaway and Ed John and associate Jessica Hickson; corporate partners Nigel Read and Nicola Evans and associate Hazel Peck; employment of-counsel Chris Wellham and associate Sarah Parkin; pensions of-counsel Nicola Rondel; construction partner Gillian Thomas and senior associate Alistair Cowling; competition of-counsel Helen Bignall; tax partner Michael Conlon and associate Andrew Waddell; finance of-counsel Katie Gill; and intellectual property of-counsel Charlie Winckworth and associate Ben Robson.