Bedell Cristin advises on Premier Inn financing
29 May 2020
Leading offshore law firm Bedell Cristin has advised The Royal Bank of Scotland International Limited, trading as NatWest International in connection with a facility made available for the construction of Guernsey’s first Premier Inn hotel.
The team advised the Bank on financing the development of the Admiral Park site by Retail Park Holdings Limited (Comprop). The development includes the construction of a hotel, which is to become a Premier Inn, together with an office building, a restaurant and a multi-storey carpark.
The Bedell Cristin Guernsey team was led by Guernsey Managing Partner, Kate Ovenden, assisted by counsel, Ann Halliday and legal assistant, Jennifer Mills. Jersey advice was provided by Global Managing Partner, Tim Pearce, assisted by senior associate, Antony Clerehugh and legal assistant, Donna Watts.
Kate Ovenden commented:
"We were delighted once again to act as Guernsey and Jersey advisers to The Royal Bank of Scotland International Limited, trading as NatWest international, on another market-leading real estate finance transaction, in this case the development of Guernsey's first Premier Inn. Our continued instruction by the Bank in these matters is testament to our ability to provide robust and commercial finance and property advice in challenging market conditions."