Osborne Clarke (OC) and Norton Rose have advised on the £185m sale and leaseback of a group of Thistle Hotels’ establishments to private property outfit Topland.

The deal involved the sale of five hotels in London – in Euston, Hyde Park, Piccadilly, Barbican and Bloomsbury – and one in Edinburgh. Topland, making its first foray into the hotels market, will let back the properties to Thistle Hotels on 30-year leases.