FFW advises Whitbread on £505 million acquisition
02 August 2004
City law firm Field Fisher Waterhouse advised Whitbread Group
PLC, owner of Britain’s biggest budget hotel chain, Travel Inn, on
the property aspects of their purchase of budget hotel chain
Premier Lodge from The Spirit Group for £505 million.
The Premier Lodge estate comprises 132 hotels and a further nine
pipeline sites. The acquisition will be integrated with Whitbread’s
existing Travel Inn business under a new brand, Premier Travel Inn.
This will create the UK’s largest budget hotel brand, with 29,141
rooms in 461 locations.
A large FFW team advised Whitbread Group PLC on the property due
diligence and site separation issues. The 15-strong team was led by
Real Estate partner Paul Houston and included partners Ramatu Banga
and John Pedder.
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Ben Girdlestone, Communications Manager on 020 7861 4968
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