Burges Salmon advises Atlas Hotels on acquisition of six new properties
Reading time: 2 minutes
Robert Forman
Burges Salmon has advised hotel franchise group Atlas Hotels Limited on the acquisition of the Chardon Group – a move that sees Atlas add six new properties to its portfolio.
The six hotels are located in Dunfermline, Edinburgh, Glasgow and Perth.
Atlas Hotels, owned by London and Regional hotels (L+R), is the largest franchisee of Holiday Inn Express hotels in the UK and Europe. Since L+R acquired the chain in 2016, Atlas Hotels has grown from strength to strength. Progress has been driven through individual acquisitions as well as ground-up developments.
Neil Kirk, L+R’s chief operating officer, said: “It was a pleasure to partner with Burges Salmon again on another important transaction for our business. We value their expert advice and ability to assist in executing these strategic transactions.”
The Burges Salmon team advising on the deal was led by Edinburgh-based real estate partner Robert Forman, with support from Claire MacLean and members of the firm’s corporate finance team including partner Danny Lee, associate Niall Mackle, director Joanna Monaghan and solicitor Benjamin Edwards.
Mr Forman said: “Atlas Hotels’ decision to acquire the Chardon Group reflects its ambitious growth strategy and we are proud to have been a part of that, helping to advise Atlas on all legal aspects of the acquisition.”
Share this article:
Subscribe to our newsletter to not miss articles like this one:
SUBSCRIBE
