Compass sells Regent Palace and Strand Palace, Cumberland Hotels, Posthouse Hotels and Heritage Hotels for an aggregate value of £1.3bn. Compass Group advised by Freshfields Bruckhaus Deringer (James Davis) and Paisner & Co (David Levy, Rachel Phillips). London & Regional Properties, purchaser of Regent Palace and Strand Palace, advised by Lawrence Graham (Michael Fielding). Grand Hotels, purchaser of Cumberland Hotels, advised by CMS Cameron McKenna (Richard Price). Bass, purchaser of Posthouse Hotels, advised by Linklaters & Alliance (David Cheyne). Ledge 536, a joint venture between the Bank of Scotland and Macdonald Hotels and purchaser of Heritage Hotels, advised by Stephenson Harwood (Sharon White).