16 January 2018
Macfarlanes advises Twenty14 Holdings on acquisition of Waldorf Astoria Edinburgh - The Caledonian for £85m
Macfarlanes has advised Twenty14 Holdings, the hospitality investment arm of Abu Dhabi-based conglomerate Lulu Group International, on the £85m acquisition of The Caledonian, a Hilton owned and Waldorf Astoria branded hotel in central Edinburgh.
Twenty14 Holdings has a strategy of investing in profitable luxury sites while preserving their historical legacy and plans to invest an additional £20m sensitively renovating and expanding the hotel by a further 50 rooms over the next few years.
The Macfarlanes team for this matter was led by real estate partner Dominic Cunliffe alongside corporate and M&A partner Simon Perry, with assistance from corporate and M&A solicitor Gruffudd Jones. Financial advice came from partner Colin Morgan supported by senior solicitor Laura Bretherton and tax advice was provided by partner Mark Baldwin.
Macfarlanes also elicited the help of Burness Paull and Bedell Cristin who assisted on the Scottish and Guernsey-related elements of the deal respectively.
