Birmingham law firm Sydney Mitchell LLP has aided Talash Hotels Group in their recent expansion with the purchase of Mercure Goldthorn Hotel, Wolverhampton. The hotel was purchased from Aviva Investors for an undisclosed sum.
Brothers Sanjay and Ravi Kathuria are pleased with their latest acquisition commenting:
The Mercure Goldthorn Hotel is an excellent hotel with great opportunities for development. Geographically it fits into our existing portfolio perfectly, and we are excited about the potential for this hotel, and for the wider Wolverhampton area which will be seeing some major redevelopment in the coming years.
As the sixth acquisition in the last 13 months, we are pushing ahead to expand our portfolio and reach our target of 20 hotels by 2020. Stewart Coles and Roy Colaba of Sydney Mitchell have been excellent throughout, and helped to make this a very smooth and successful transaction.
Stewart Coles, an Associate in the Commercial Property team at the Birmingham office of Sydney Mitchell LLP commented:
It has been great to work with Sanjay and Ravi over the last few years and see them grow into what is now one of the most active and rapidly expanding hotel groups in the region. We are delighted to have been able to assist them with their latest acquisition, and knowing the drive and ambition that they have I am confident that they will make a great success of this hotel, and that the group will continue to go from strength to strength.
Finance was provided by Allied Irish Bank (GB). Mark Duggan and Morgan Keating advising from Allied Irish Bank.
The Talash Hotels Group is based in Leamington Spa and now has 13 hotels in their portfolio.
Picture 1 – Roy Colaba, Associate Solicitor, Sydney Mitchell LLP; Sanjay and Ravi Kathuria Talash Hotels Group, Stewart Coles, Associate, Sydney Mitchell LLP
Picture 2 – Mark Duggan, Alied Irish Bank, Sanjay and Ravi Kathuria Talash Hotels Group, Stewart Coles, Associate, Sydney Mitchell LLP, Roy Colaba, Associate Solicitor, Sydney Mitchell LLP and Morgan Keating, Allied Irish Bank.
For further information, please contact:
Linda Heyworth, Senior Marketing Manager
Tel – 0121 746 3300 Mobile: 0777 279 5041
Email – l.heyworth@sydneymitchell.co.uk
About Sydney Mitchell:
Sydney Mitchell is a Midlands based award winning law firm, with offices in Birmingham City Centre, Sheldon and Shirley with additional facilities in Sutton Coldfield. Offering a range of specialist legal services for both businesses and individuals, Sydney Mitchell is listed in the Top Tier of the Legal 500, Lexcel accredited and won the Law Firm of the Year in 2015, 2014, 2013, 2011 and 2008 (5-15 partners) in the Birmingham Law Society Legal Awards.
The firm’s specialist teams include employment, commercial property, company and commercial services, litigation and insolvency. Private client teams include family law, residential property, dispute resolution and wills and probate, tax and trusts and personal injury.
About the Talash Group
The Talash Hotels Group offers a collection of thirteen individual character hotels in Warwickshire, Derbyshire, the West Midlands and the north-west.
The Directors care passionately about the business; providing hotel facilities and services through continued investment and delivering tailor made yet flexible, value for money services in all areas.
The Talash Group has been substantially invested in, with a highly creative philosophy which is profoundly evident when entering each property. The Talash Group own and operate hotels in Royal Leamington Spa, Coventry, Risley, Crewe, Wigan, Telford, Walsall and Wolverhampton. These centrally located hotels have strong travel links to all major areas both regionally and nationally.
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