London—Leading global law firm Dentons has advised UK banks HSBC and OakNorth on £232 million of facilities to Splendid Hospitality Group. The facilities are being used to refinance existing debt and to finance extension works at Hilton London Bankside.

Splendid Hospitality Group is one of the UK’s largest privately owned hotel groups with a portfolio which spans across the UK.

The Dentons team was led by Real Estate and Hotels partner Simon Masri and Finance partner James Irvine.

Speaking after completion of the transaction, Simon commented, "The UK hotel market has proven to be a resilient sector and this refinancing transaction shows that our clients continue to believe in its healthy long-term fundamentals."

James added "We are delighted to have advised our long-standing clients on this transaction, which will help the borrower with the next phase of its business plan. This deal showcases our ability to deliver multi lender transactions in the hotels sector. A great way to start 2024."

Alongside James Irvine and Simon Masri, the core Dentons team advising on the deal also included Banking and Finance senior associates Adam Jones and Hoani Ashby and trainee Alcina Saleem, as well as Real Estate associates Kate Curran, Rezwana Chowdhury, Campbell Yates, Ellen Gordon and Lucy Clarkson, alongside Melanie Blanchard from the firm's Planning team.

About Dentons

Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. www.dentons.com