Howes Percival has acted for a shareholder on its disposal of three companies that together owned and operated the Tamburlaine Hotel in Cambridge.
The 4-star hotel, which opened in 2017, has 155 bedrooms as well as a bar and restaurant and is located in a prime spot within the CB2 redevelopment area close to Cambridge’s main train station.
Advising on the deal were Howes Percival’s corporate experts, Daniel Banton, Brigitta Naunton, Miles Barnes and Shital Odedra and commercial property specialists, Michaela Henson and Matt Mayes.
The team advised the shareholder on the disposal to Irish hotel operator, Dalata.
Dalata will operate the Tamburlaine Hotel under a 30-year lease and plans to rebrand it as the Clayton Hotel Cambridge.
Daniel Banton, Partner and Head of Corporate, Commercial and Banking at Howes Percival said,
“We were delighted to act for our client on the sale of this popular Cambridge hotel. Our corporate team continues to expand in East Anglia and this deal demonstrates our reputation and expertise in advising a growing client base across a broad range of sectors across the UK.”
Brigitta Naunton, a Director based in the firm’s Cambridge office said,
“It was a pleasure to work with our client on this significant transaction. The deal required expertise from both our corporate, tax and commercial property specialists and demonstrated our ability to put together a strong team which can cover a wide range of legal issues. We will have two new hires joining the East Anglian corporate team in January 2020 providing us with further strength in our offering.”