Carey Olsen advises Schroders Capital on acquisition of W Edinburgh hotel
Carey Olsen has advised Schroders Capital, the US$99.3 billion* private markets business of Schroders, on the acquisition and financing of luxury five-star hotel W Edinburgh.
Acquired from Nuveen Real Estate, W Edinburgh opened in November 2023 and is Marriott International's first luxury property in the city. The 244-room hotel is situated the heart of St James Quarter, a newly developed area of Edinburgh which has become a key part of the city's luxury hospitality offering.
The Carey Olsen Jersey corporate team advising Schroders Capital on the transaction comprised partner James Mulholland, counsel Thomas MacAdie, associate Marco Carossa, and trainee Rory Pridmore.
James Mulholland commented: "We are pleased to have advised Schroders Capital on its acquisition of W Edinburgh, a transaction which will enable the company to continue expanding its portfolio of luxury hotel assets and which underscores Carey Olsen's ability to advise on globally significant commercial real estate acquisitions."
*Assets under management as at 31 December 2024 (including non-fee earning dry powder and in-house cross holdings)