Taylor Wessing advises Lloyds Banking Group on Crowne Plaza Refinancing

Taylor Wessing's Hotels Group have successfully completed the refinancing of the prestigious Crowne Plaza Hotel at London's Blackfriars.

Taylor Wessing was instructed by Lloyds Banking Group as lender and the transaction involved a cross practice team including finance, real estate, corporate and commercial.

The Crowne Plaza Hotel in the heart of the City is ideally situated between West End theatres and the up-and-coming East End. Its proximity to the River Thames and its location opposite Blackfriars rail station, 4 stops from Eurostar connections at St Pancras International mean that the hotel is ideally situated for tourists and business guests alike.

The Taylor Wessing team was led by partner Richard Bursby supported by senior associate Christina Kelly advising on the finance issues, together with Andrew Johnson, a senior associate who advised in relation to real estate.   

Richard Bursby commented on the deal:

"We are delighted to have advised the Hotels team at Lloyds Banking Group in relation to the successful refinancing of the Crowne Plaza at Blackfriars, having worked on a number of hotels deals for Lloyds over the last year."

The Taylor Wessing Hotels Group has extensive experience of advising owners, developers, asset managers, brand owners, franchisees, funders, investors and operators on hotels projects and transactions around the world.

Lawyers Richard Bursby, Christina Kelly