Pinsent Masons advises Redefine International on Edinburgh Doubletree by Hilton hotel acquisition

22 Sep 2014 | 03:13 pm |

Redefine International, advised by leading international law firm Pinsent Masons, has purchased the Doubletree by Hilton hotel in Edinburgh city centre for £25.2 million, representing a net initial yield of 6.7%.

The hotel provides 138 bedrooms which have recently been extensively refurbished to provide high-quality flexible accommodation appealing to both business travellers and tourists. The five-storey hotel has extensive food and beverage provision, meeting rooms and a small fitness centre. The acquisition also includes The Chanter public house, located on the ground and basement floors of the property.

The acquisition will initially be funded by existing cash resources, but it is anticipated that the hotel will be housed in its 71.05%-held subsidiary Redefine Hotel Holdings Ltd. The hotel will be let to Redefine Hotel Management Ltd, a wholly-owned subsidiary of Redefine BDL Hotel Group Ltd, in which Redefine International has a 25.28% stake.

Howard Gill, partner at Pinsent Masons who advised Redefine International on the deal, said: “The Doubletree by Hilton in Edinburgh is a well-located hotel that not only complements Redefine’s existing portfolio but is also suited to Redefine BDL’s management skills. Edinburgh is a leading international city, attracting many business travellers and tourists, for whom the Doubletree by Hilton is an attractive place to stay.”

Latest press releases

Show me all press releases

Pinsent Masons advises Carlton Power on development of £200m green hydrogen project portfolio

Multinational law firm Pinsent Masons has advised Carlton Power on the establishment of a joint venture with Schroders Greencoat for the development of a portfolio of green hydrogen projects in the UK.

Pinsent Masons Vario launches in Ireland

Pinsent Masons Vario is launching its flexible services in Ireland, further expanding the reach of the market-leading service which provides flexible legal resource to busy in-house legal teams.

Pinsent Masons advises Erisbeg on proposed acquisition of PageOne Communications

Multinational law firm Pinsent Masons has advised Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Carlton Power on development of £200m green hydrogen project portfolio

Multinational law firm Pinsent Masons has advised Carlton Power on the establishment of a joint venture with Schroders Greencoat for the development of a portfolio of green hydrogen projects in the UK.

Pinsent Masons Vario launches in Ireland

Pinsent Masons Vario is launching its flexible services in Ireland, further expanding the reach of the market-leading service which provides flexible legal resource to busy in-house legal teams.

Pinsent Masons advises Erisbeg on proposed acquisition of PageOne Communications

Multinational law firm Pinsent Masons has advised Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.