Principal Hayley Hotel Portfolio

Trident advised Principal Hayley on the recent sale of their 23 hotel portfolio to US based Starwood Group.

The portfolio is a UK wide collection of Hotels and conference centres, with another in the suburbs of Paris. Most of the properties are formerly country manors, many of them listed buildings, with more recent extensions constructed to provide conference, wedding or other event venues. Trident inspected the properties and prepared pre-sale due diligence reports on the construction related aspects. The reports informed Principal Hayley and the purchasers with comments on the general condition of the properties, and provided planned maintenance guidelines for future years.

The £360m deal was successfully completed in early March.

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