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Conyers Dill & Pearman represented Global Hospitality Investments (GHI) in the recent sale of the Fairmont Hamilton Princess hotel in Hamilton, Bermuda to the Green family. Conyers also represented Global Hospitality Investments in relation to the acquisition from Fairmont in 2007 and establishing the structure that provided the debt financing.
Conyers Dill & Pearman’s Christopher Page advised GHI on the corporate aspects of the transaction, assisted by Claire McConway and Waynette Hollis, while Francesca Fox advised on property related matters, assisted by Cynthia Millett.
GHI has owned the hotel since September 2007. The Green family plans to continue GHI’s development plans and spend US$50 million to improve the current hotel, adding various amenities such as a marina and a waterfront restaurant, upgrading current rooms and redeveloping public spaces.