Travers Smith LLP has advised new client Adventurous Journeys Capital Partners (AJ Capital Partners) on its acquisition of the DoubleTree by Hilton Hotel Cambridge City Centre.
The Chicago-based real estate investment firm has acquired the property with plans to open Graduate Cambridge as the first international Graduate Hotels property. The hotel will continue to operate as DoubleTree Cambridge City Centre through 2019 and will thereafter be operated independently prior to and during renovations. In Summer 2020, the hotel will debut as Graduate Cambridge, part of the Graduate Hotels® collection.
The Travers Smith team was led by Corporate Partner William Howard and included Corporate Associate Alexander Cohen-Santi, Real Estate Partner Paul Kenny, Real Estate Associate Gareth Wynne, Finance Partner Daniel Peel and Finance Associate Daniel Domb. Specialist advice was provided by Tax Partner Jessica Kemp, Tax Senior Associate Thomas Rickford, Operational Risk Partner Doug Bryden, Operational Risk Associate Harrie Narain and Employment Associate Clare Skinner.
RSM advised AJ Capital Partners on tax and financial matters.