Hogan Lovells Advises NAMA on Sale of £660m Maybourne Hotel Group Debt

LONDON, 13 October 2011 - Hogan Lovells has advised National Asset Management Agency (NAMA) on the sale of approximately £660 million in debt held on the Maybourne Hotels Group to a vehicle established by the Barclay Brothers, which completed on 27 September 2011.

Hogan Lovells had advised NAMA in April this year on a restructuring of facilities originally provided by Anglo Irish Bank and Bank of Ireland to the Maybourne Hotels Group, owner of prestigious London hotels The Berkeley, Claridge's and The Connaught, which had previously been transferred to NAMA under the NAMA Act 2009.

The Hogan Lovells team advising NAMA on the sale was led by London Business Restructuring and Insolvency partner Paul McLoughlin, assisted by senior associate Stuart Tait.

Commenting on the transaction, Paul said:

"Hogan Lovells has been advising NAMA since November 2010 in relation to the facilities acquired and we are pleased, almost a year later, to have completed the sale of the debt. We hope to continue what has been a successful working relationship with NAMA."

Hogan Lovells advised NAMA on English law and Maples and Calder advised on Irish law.


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