LeBruin, a leading corporate finance and debt advisory provider, today announces that it acted as an advisor to the board of Precinct Investments Limited on the sale of the Gresham Hotel to Spain’s RIU group.
The iconic hotel was opened in 1817, and has since been one of the most well-known hotels in the city. Its location on O’Connell Street, a main city thoroughfare, continues to be popular with both tourists and business travellers, due its close proximity to major tourist attractions including Trinity College, shopping districts including Henry Street and Grafton Street and public venues including The Convention Centre Dublin and Croke Park.
Commenting on the sale of the hotel, Stanley Watson, Chairman of the Board of Precinct Investments Limited stated “We are delighted to welcome Riu Hotels and Resorts to Ireland and Dublin. This sale provides further evidence of the health of the Dublin hotel sector, after the recent sale of the Burlington Hotel, and we believe Dublin will continue to attract international hotel operators and investors. We also extend our thanks to all professional advisors involved, particularly our corporate finance advisors, LeBruin, and our legal and accounting providers, Matheson and PwC. All parties worked consistently as an integrated team leading to the successful completion of this transaction”.
LeBruin has significant experience acting in both an advisory and broker capacity on large scale transactions, having previously raised finance for high profile projects including the sale of The Montrose Hotel and Jervis Street Shopping centre.
LeBruin is a leading Corporate Finance and Debt Advisory firm based in Dublin, Ireland. With offices in Dublin and London, LeBruin has a track record in delivering for clients in the areas of Funding, Debt Management and Debt Restructuring.
Independent and working only for its clients, LeBruin specialises in matching clients with new sources of funding, delivering effective solutions in the form of senior debt and equity finance across a range of business sectors. LeBruin has strong relationships with both traditional and non-traditional lenders in Ireland, the UK and USA. LeBruin also works with a number of equity funds who have a keen appetite to invest in projects, enabling us to meet our clients’ refinancing needs.
In addition, LeBruin facilitates debt restructuring agreements with NAMA, the banks and other creditors. In total, LeBruin has restructured over €6.5 billion of debt and has raised over €10 billion in new debt and equity for its clients since inception.