BCLP advises Tristan Capital Partners on €400m pan-European easyHotel takeover

International law firm BCLP advised EPISO 6 Fund, which is managed by Tristan Capital Partners, on its acquisition of affordable low-carbon hotel operator, easyHotel. The deal represents one of the largest and most significant deals in the current European hotel market.

EasyHotel is a leading operator of hotels and operates 48 hotels with c. 4,700 rooms across Europe, including the UK, Ireland, France, Benelux, Spain and Switzerland.  The portfolio consists of a mixture of owned, leased and franchised properties across 11 countries in the UK and Europe. 

BCLP previously acted for a Fund managed by Tristan on its acquisition of the Point A hotel portfolio from Wellcome Trust and Queensway for circa. £420 million in 2022. This latest acquisition of easyHotel marks Tristan as being a significant hotel investor and operator in the European budget hotels space.

Chris de Pury, Client Relationship Partner for Tristan Capital Partners, commented, “We were delighted to advise Tristan on its acquisition of easyHotel with this part-private equity acquisition, part-public takeover offer of the easyHotel group, which drew upon expertise across the firm and our network across Europe.”

The deal team was led by partners Chris de Pury (Real Estate), Adam Bogdanor (Corporate Real Estate and Funds), Laura Wild (Real Estate), Tom Bacon (Corporate), who were ably assisted by associate George Dunne (Corporate Real Estate and Funds), senior associate Charlotte Thorp (Real Estate) and associate Olivia Russell (Corporate) and wider assistance from the BCLP UK offices:

Associates Cecilie Sorvig (Corporate); Carla Pinelas (Legal Project Management); Consultant Hannah Crockett (Construction); Partner Geraldine Scali and Associate Olivia Wint (Data Protection); Knowledge Counsel Anna Blest and Associate Sasha Rubinstein (IP, Tech and Comms); Partner Giles Pink, Associates Tom White and Megan Cunniffe (Planning); Senior Associates Charlotte Tullis, Katie Philpot, Patricia Johnston, Marisol Aspinell, Sally Anyon, Benjamin Sutton and Rachel Sheridan and Trainee solicitor, Ifrah Hussein (Real Estate); Partner Gordon McMillan and associate Shanshan Wu (Real Estate Finance); Partner Elizabeth Bradley, Senior Associate Alex Cheetham and Associate Director Paul Williams (Tax) and Associate Director Jeremy Bark (regulatory).

The team also received support from colleagues in BCLP’s Paris office, including Partner Henry Ranchon and Counsel Suzy Lasry, along with Alexis Faou, Hugo Simon, Blanche Meynier, Edouard Alcouffe, and Sofian Meghoufel (Real Estate), and Partners Marion Briere Segala and Claire Fougea (Litigation & Investigations).

Further assistance was provided by the following firms: Uria Menéndez - Juan Antonio Perez Rivares and Joan Andreu Cortada (Spain), Brodies LLP - Helen Abrams and Angela Walker (Scotland), McCann FitzGerald LLP - David Larkin, Sean Carr and Richard Leonard (Ireland) and AKD - Erwin Rademakers and Jeroen Pop (Belgium/Netherlands).

The Seller was advised by Skadden, Arps, Slate, Meagher & Flom LLP and the management were advised by CMS.