Blake Morgan advises on refinancing of iconic St Pancras hotel

Leading law firm Blake Morgan has advised the Manhattan Loft Corporation as borrower on a multi-million pound refinancing package provided by National Westminster Bank plc for the Grade-I listed St Pancras Renaissance Hotel. This financing deal will enable the delivery of a new phase of refurbishment for one of London’s most iconic landmarks.

Opened in 1873, the St Pancras Hotel was designed by renowned architect Sir George Gilbert Scott, and is considered to be a masterpiece of Gothic Revival architecture. Managed by Marriott, the hotel within the Grade-I listed building contains over 240 rooms, several renowned restaurants, and a spa.

Blake Morgan’s Banking & Finance and Real Estate teams advised on the deal on behalf of the borrower. The firm’s team was led by Banking Partners Simon Owen and Daniel Webster supported by Senior Associate Harry Taylor, all of whom recently joined Blake Morgan from a leading national firm, and solicitor Dominika Sabakova. Legal director Alison Westbrook and Senior Associate Debbie Brown advised from Blake Morgan’s Real Estate team. National Westminster Bank plc was advised by Pinsent Masons LLP.

Blake Morgan’s Banking & Finance team has a strong industry reputation and has been ranked in the Top Tier of the Legal 500 Guide in each of the last three years and consistently ranked in Band 1 over the last 10 years in the Chambers Guide. The arrival of Simon, Dan and Harry provides further capability and expertise to this already high quality team.

The firm’s Real Estate team, comprised of over 50 lawyers, is also highly regarded and has extensive experience advising on high-value transactions across a range of sectors and asset classes including Hospitality & Leisure.

Simon Owen, Partner at Blake Morgan, commented: