Five firms take roles as investment company Ennismore purchases Hoxton Hotel for £65m

Herbert Smith, Olswang and Taylor Wessing are among a raft of firms to have lined up on the £65m sale of The Hoxton Hotel to London investment firm Ennismore Capital.

Herbert Smith advised new client Ennismore on the acquisition led by London corporate partner Alan Montgomery, alongside intellectual property partner Joel Smith, real estate partner Richard Forsdyke and tax partner Bradley Phillips.

Meanwhile, Olswang, Taylor Wessing, Dechert and Wedlake Bell advised the shareholders, which include hotel founder Sinclair Beecham – who also co-founded sandwich chain Pret A Manger – and venture capital company Bridges Ventures.

The lead partners for the respective firms were Olswang corporate technology head Anthony Waller, Taylor Wessing corporate partner Emma Danks, Dechert M&A partner Geoffrey Walters and Wedlake Bell media head Andrew Joyce.

Montgomery said: "This is Ennismore's first investment in the hospitality sector and part of its wider growth strategy to build on The Hoxton Hotel brand and develop further hotel sites in London, New York and across Europe over the next five years. It was very exciting for us to be part of that story."

The Hoxton Hotel was founded by Beecham in 2006. The sale marks the latest in a number of London hotel deals in recent months, including the sale of London's Sanderson Hotel and St Martins Lane Hotel to Middle Eastern investor Capital Hill Hotels for £192m in February this year.

LG advised Capital Hill on that deal, with Hogan Lovells acting for the sellers – joint venture partners Morgans Hotel Group and Walton Street Capital.