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Acquisition of The Castleton Hotel for established Malaysian client Berjaya Land Berhad

Acquisition of The Castleton Hotel for established Malaysian client Berjaya Land Berhad

Trowers & Hamlins is pleased to have acted for established client Berjaya Land Berhad on the successful acquisition of The Castleton Hotel, Paddington, London by its subsidiaries Berjaya Vacation Club (UK) Limited and BHR (Cayman) Limited for circa £10 million.

The acquisition involved the purchase of the hotel and assets from the property-owning seller, together with the business and trade from the business-owning seller. The Castleton is now the second hotel in Berjaya's UK hotel portfolio, which already included the Eden Park Hotel in Bayswater.

Youssef Boulos in the firm's Corporate department led the deal, with Stephen Marks leading on the real estate elements.