Burges Salmon advises LRO Hospitality on the strategic acquisition of Courtyard by Marriott Edinburgh

We have advised LRO Hospitality, a hospitality investment platform and joint venture between L+R and Dutch pension investor PGGM, on the acquisition of Courtyard by Marriott Edinburgh, an upscale, contemporary hotel in Edinburgh, Scotland.

The transaction sees LRO Hospitality add another high-quality hotel to its portfolio, aligning closely with its investment strategy to deploy capital into well-located, cash-flow-generating hotel assets across key European gateway cities. Following completion, Iconic Hotels & Resorts will assume operations and the management of the hotel. For Courtyard by Marriott Edinburgh, the acquisition sees an opportunity to leverage LRO Hospitality’s extensive experience and proactive, operator-driven approach to elevate its already seamless, bespoke guest experience.

The Burges Salmon team advising on the acquisition drew on expertise from across a number of practice areas, demonstrating the firm’s depth of experience in the hotel and leisure sector. The team was led by Partner Danny Lee and Solicitor Jenny Purcell, supported by Senior Associate Niall Mackle, with real estate and finance expertise provided by Partner Robert Forman, Senior Associate Matthew Bruce and Partner Katie Allen.