#Hogan Lovells

[blueiscoool]

A Rare 2,000-Year-Old Roman Funerary Bed Discovered in London

Archaeologists working in central London have discovered a burial site containing a wooden bed used in a Roman funeral.

A team from Museum of London Archaeology (MOLA) made the find near Holborn Viaduct, in the heart of central London, six meters (20 feet) below modern street level.

Depictions of beds being used as part of funerals are common in Roman art. However, the bed found at this site, preserved by the damp mud of the underground River Fleet, is the first complete example ever discovered in Britain.

Made from high-quality oak, the bed has carved feet, and joints fixed with small wooden pegs. Reminiscent of modern-day flatpack furniture, it was taken apart before being placed within the grave.

In a statement, Heather Knight, project officer at MOLA, said, the level of preservation of the wooden finds “has really blown us away.”

Michael Marshall, a MOLA finds specialist, said that “Roman wooden furniture only survives under exceptional circumstances” and that the bed is unique “in being dismantled and placed in the ground complete.”

These Roman finds are just the latest layer to be revealed in the site’s slice through London’s history. According to MOLA, their excavations have also revealed there was another cemetery on the site during the 16th century.

After the devastation of the Great Fire of London in 1666, the site saw new life, with the construction of houses, shops, and a pub, which were eventually replaced by Victorian warehouses.

In its latest chapter, the site is being transformed into office space for global law firm Hogan Lovells, which intends to display some of the archaeological finds.

Alongside skeletal remains, the archaeologists also dug up personal objects in the Roman site, such as beads, a glass vial and a decorated lamp.

Marshall said the discovery of such artifacts in the final resting place of some of Roman London’s first residents allows archaeologists to further “explore how furniture might have played a role” in Roman funerals and “shines a new light” on such rituals.

The latest finds follow the discovery last year of an “incredibly rare” Roman mausoleum beneath a construction site in south London, close to the Thames River’s south bank.

By Caolán Magee.

[throuthewindow]

What's better than having something you love so fricking much? Having a community where you can connect with other people who love it! This week on "I Love This Thing So Fricking Much," we spoke with Sean Marotta, a partner in the Appellate and Supreme Court practice group at Hogan Lovells, who loves the #AppellateTwitter community! Find out more in our latest episode on Spotify, Apple Podcasts, the link above, or wherever you listen to podcasts.

[deandacosta]

Hogan Lovells: 91% of global businesses face IT compliance risk, but two thirds not taking sufficient action

http://dlvr.it/T9cjpS

[leprivatebanker]

Can online reporting stop workplace microaggressions?

Staff at law firm Hogan Lovells can now log harassment on a tech platform — but some suggest they talk about their problems instead

[christianlanden]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[lindaboggers]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[georgeschuylerfinance]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[saltygardenerlove]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[bertrhert]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[craigmyersfinance]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[dreamilykawaiibasement]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[brianway23]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[movieblogreview]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[yourfinancestu]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.

[edwardredwould]

KSL and Luis Contreras acquire Sereno Hotels (IT)

Cheyne Capital (Cheyne) completed a cross-jurisdiction senior secured facility to a Joint Venture between KSL Capital Partners (KSL) and entrepreneur Luis Contreras. The loan, provided by funds managed and advised by Cheyne Capital, will be used to finance the acquisition of Sereno Hotels to support the expansion of the Sereno Hotels platform. Sereno Hotels develops, owns and operates the award-winning, ultra-luxury hotel Il Sereno on Lake Como, Italy, as well as its sister resort, Le Sereno, on the island of St Barthelemy, France.

Raphael Smadja, Head of France and Co-Head of Europe at Cheyne Real Estate stated: “We are pleased to expand our partnership with the KSL team and to support their strategy to develop high-end luxury leisure destinations, following our financing for Beaumier, the pan-European luxury boutique hotel group and another KSL portfolio company, successfully closing in 2022. Recent market performance confirms both the resilience and growth potential of the luxury hotel market in Europe and validates Cheyne’s investment thesis to finance well-funded hotels managed by a strong operator, located in prime leisure markets.” 

Antoine-Julien Richard, Loan Originator at Cheyne Real Estate, added: “This second pan-European facility, spanning France and Italy, using regulated lending vehicles, demonstrates Cheyne’s ability to provide flexible and innovative financing. We are delighted to complete our third loan in Italy, where we continue to identify compelling lending opportunities, particularly in the hospitality sector, and we look forward to continuing to increase our presence in the region.”  

Martin Edsinger, Partner at KSL, concludes: “We believe in the continued growing relevance of the seasonal leisure hospitality space in Europe. Both Sereno Hotels as well as Beaumier represent two best-in-class branded platforms that allow us to capitalize on accretive acquisitions and repositionings in the luxury and ultra-luxury space. Cheyne has been a great partner as a one-stop debt financing solution for our platforms to continue to capitalize on growth across Europe.”

KSL was advised by Hogan Lovells, Deloitte and Monassier as notaries in France.

Cheyne was advised by Allen & Overy Paris and Milan (Caroline Delavet and Fabio Gregoris) as legal counsels and Étude Lasaygues as notaries in France (Francois Gauthier, Alexandre Baikalov, Morgan Chaix, Laura Pompe).

Image source Pexels.