Clifford Chance (CC) has advised Thistle Hotels on the sale of 37 hotels, worth more than £600m, in what is the largest deal the firm has done for the client since the hotel group’s flotation in 1996.

The firm acted on the sale of a portfolio of provincial and London hotels to Euro & UK Property, the parent company of acquiring subsidiary Orb Estates. The sale is expected to leave Thistle Hotels with £1bn worth of assets.