JMW acts for major European hotel chain
We were pleased to work with the highly successful European value-for-money hotel chain, B&B HOTELS, which has taken a significant step towards fulfilling its ambitious growth plans in the UK with the takeover of a hotel located at Heathrow, London.
Having announced its expansion into the UK in late 2022, the takeover represents a milestone in the group’s growth strategy, setting the stage for further investment in the UK market.
B&B HOTELS’ ambition is to become a key player in the British hospitality sector, specifically in the economy/budget hotel segment.
Patrick O’Connell, Chief Executive of B&B HOTELS UK said: “Looking ahead, the B&B HOTELS UK team remains committed to forging partnerships with existing hotel owners, developers, landowners, funds, and real estate owners to realize its expansion plans. By leveraging local expertise and strategic collaborations, B&B HOTELS aims to establish a robust presence in the UK hospitality market and create memorable experiences for guests nationwide.”
The JMW team advising B&B HOTELS was led by Real Estate Partner David Frankland. He said: “We are delighted to have advised B&B HOTELS on this transaction, which sees them take their first hotel in the UK. The hotel is in a great location, and we look forward to supporting them as they roll out throughout the UK.
“This deal reflects JMW’s significant strength in the hotel and leisure sector.”
David was supported by a team of Real Estate, and hotel, lawyers, including Partners Robin Sharp and Marcus Difelice.