We have been advising Eurohotels Group for a number of years now across a wide range of work, from banking litigation through to real estate acquisitions and re-financing, on its circa £200m portfolio of properties in London
berg acted for SB Hotel (Guernsey) Limited part of the Eurohotels Group in relation to the re-financing to Julian Hodge Bank of two hotels (Ibis Hotel in Leyton and Channins Hounslow Hotel). berg also acted for Croydon Court Guernsey Limited and Gilroy Court (Guernsey) Limited (also part of the Eurohotels Group) in relation to the refinancing of Croydon Court and Gilroy Court Hotels to Julian Hodge Bank.
berg introduced the client to Julian Hodge Bank and dealt with all aspects of the re-financing of the properties to the bank including undertaking detailed due diligence, liaising with the lenders and their solicitors, drafting and negotiation documentation and proceeding to a prompt drawdown and settlement of existing charges in a short space of time. The total drawdown was £19m (approx).
Meher Nawab of Eurorhotels Group said of working with berg: “As a business, The Eurohotels Group has instructed berg across a number of disciplines and have been thoroughly impressed with the service we have received across the board. Senior partner Reuben Berg, has led the team and provided invaluable strategic input. He has helped us achieve a very positive outcome on an interest-rate swap claim allowing us to re-ﬁnance a large portion of our portfolio and move our business forward.
Both John Colvin and Ian Barker have provided sterling support to Reuben on our claim and the re-ﬁnancing matters, working tirelessly to tight deadlines. Their advice has been pragmatic and focussed on our business objectives throughout. Both they and their teams are accessible, friendly and approachable. berg provide us with a thoroughly professional service and I would recommend them without hesitation.”