Yorkshire law firm Keebles has advised the Shepherd Cox Hotel group on its acquisition of Lincolnshire hotel The Olde Barn from its administrators—resulting in more than 100 jobs being saved.
The national hotel firm Shepherd Cox has strengthened its national portfolio with the acquisition of the 103-bed purpose-built hotel.
Led by Keebles partner Craig Law and senior associate James Burdekin, who both boast significant expertise in the hotel sector, the corporate and property teams at the firm acted as legal advisers to Shepherd Cox on the deal.
The Keebles team advised Shepherd Cox management on the terms of the purchase agreement and on certain due diligence and provided the necessary expertise involved in making a purchase from administrators.
Keebles partner Craig Law said: “We were delighted to work with the team at Shepherd Cox to facilitate the acquisition.”
“The transaction is a fantastic fit for Shepherd Cox and will now save more than 100 jobs in the area. It was a pleasure to play a role in this important deal as the company continues its plans for further expansion.”
The Shepherd Cox Hotel group includes 21 hotels across the UK and is a mix of independent hotels and properties operating under brands such as Best Western, Holiday Inn and Comfort Inns.
Lee Bramzell, owner of Shepherd Cox, said: “We’re delighted to add The Olde Barn as the 21st hotel to our portfolio. It is the perfect addition that will not only strengthen our offering, but the deal will help save jobs which is great news for everyone involved.”
“Thank you to Craig and the team at Keebles for advising us throughout the process to ensure the deal went through smoothly.”
