Linklaters has advised InterContinental Hotels Group PLC (IHG) on the sale of seven hotels across Europe to Morgan Stanley Real Estate Funds (MSREF).
The ‘sale and manage-back’ deal is the latest major hotel disposal on which Linklaters has advised IHG. The hotels sold include the iconic InterContinental Carlton in Cannes, as well as hotels in Amsterdam, Budapest, Rome, Frankfurt, Madrid and Vienna which have a total of 2,537 rooms.
Advising IHG was a large Linklaters team, involving several offices across Europe. The team was led by global head of real estate Patrick Plant, corporate partner Mark Stamp and managing associates Matthew Bland and Nicola Mayo from the firm’s corporate team.