Schroders Capital Expands with W Edinburgh Acquisition
Deal News | May 07, 2025 | Carey Olsen
Carey Olsen has advised Schroders Capital on the acquisition of the newly opened W Edinburgh hotel, marking Marriott International's first luxury property in Edinburgh. The transaction sees the transfer of ownership from Nuveen Real Estate to Schroders Capital, aiming to bolster the latter’s portfolio of luxury hotels. The W Edinburgh, comprising 244 rooms, is strategically located in the St James Quarter, a prominent area in the city’s luxury hospitality sector. Carey Olsen's Jersey corporate team led by partner James Mulholland provided comprehensive legal advisory services for this significant commercial real estate acquisition.
Sectors
- Hospitality and Tourism
- Real Estate
- Private Equity
Geography
- United Kingdom – The transaction is centered in Edinburgh, Scotland, which is part of the UK and pertains to the local luxury market.
- Jersey – Carey Olsen's advisory team from Jersey played a key role, indicating their geographic significance in the deal.
Industry
- Hospitality and Tourism – The acquisition of a luxury hotel in Edinburgh relates to the hospitality industry, focusing on expanding the portfolio of high-end assets.
- Real Estate – This transaction involves a significant commercial real estate acquisition, emphasizing the sector's development.
- Private Equity – Schroders Capital, a private equity firm, is involved in the transaction, driving investment strategy and portfolio expansion.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carey Olsen | Legal Advisor | Company | A leading offshore law firm, Carey Olsen advised Schroders Capital on the acquisition. |
| Schroders Capital | Acquiring Company | Company | An asset management company expanding its luxury hotel portfolio through this acquisition. |
| Nuveen Real Estate | Selling Company | Company | The previous owner of W Edinburgh, from which Schroders Capital acquired the property. |
| James Mulholland | Partner, Carey Olsen | Person | Led the Carey Olsen team advising on the acquisition. |
| Thomas MacAdie | Counsel, Carey Olsen | Person | Part of the Carey Olsen team advising Schroders Capital. |
| Marco Carossa | Associate, Carey Olsen | Person | Part of the Carey Olsen team advising Schroders Capital. |
| Rory Pridmore | Trainee, Carey Olsen | Person | Supported the Carey Olsen team advising Schroders Capital. |