Mills & Reeve advises on £32m Hilton hotel sale

The Hampton by Hilton Hotel, which is situated near the ExCel Exhibition Centre, was developed by London Dockside Ltd - a joint venture between Marick Real Estate and Mill Lane Estates. 

The seven-storey, 209 bedroom hotel has been bought by Aprirose in a £32 million deal which has appointed hotel management firm Redefine BDL Hotels to manage the property. 

The Mills & Reeve team, led by real estate partner Caroline Hanratty and corporate partner Chris Ross, advised the joint venture vehicle on all aspects of the deal including site acquisition, funding, hotel franchise agreement and sale. 

Caroline said: “We are once again delighted to advise the joint venture on the development and sale of the Hampton by Hilton Hotel. 

“The ExCel Exhibition Centre is now a leading international conference venue and the new Hampton by Hilton Hotel, with its excellent transport links, will be ideally located to capitalise on the redevelopment of the docks.”