We advised Great Century Investors on the purchase of the Fairmont St Andrews Hotel. A multi-disciplinary team was involved in the corporate acquisition of the entire issued share capital of St Andrews Bay Development Company.
Our real estate lawyers led and project managed the transaction with support from specialist Brodies lawyers on construction, tax, planning, environmental, employment, health and safety, corporate, pensions, anti-bribery and corruption.
Key highlights
- The investor was new to the Scottish market and so required an adviser that could provide legal and strategic advice.
- Applied our specialist real estate services in relation to property due diligence and a range of real estate issues covering the hotel, golf course and surrounding land.
- Applied our specialist corporate and operational due diligence in relation to complex trading businesses.
- Advised on the environmental risks associated with the acquisition and worked with environmental consultants on due diligence for all onsite operations.
Outcome
Our combination of practical and commercial advice was welcomed by an investor new to the Scottish market. It ensured that the client proceeded with confidence in the acquisition of this iconic hotel and that the deal concluded to the required timetable. This deal demonstrates our strength in depth and our ability to manage the most complex of deals in the hotel sector.
