DAC London scores £45m hotel remit in Jersey

Davies Arnold Cooper’s (DAC) London office has secured an instruction on a £45m hotel development at St Helier in Jersey from Jersey Waterfront Hotel Holding. Property finance partner Paul McCartney acted in the negotiation of a 20-year management contract with Radisson SAS, while senior construction associate Elliot Lewis negotiated the building contract. DAC worked with Jersey firm Ogier & Le Masurier. The deal is financed by HSBC Bank in Jersey. Carey Olsen acted for HSBC, while Berwin Leighton Paisner advised the bank on construction issues.