DLA Piper and Stephenson Harwood are among a clutch of firms to have won mandates on the Wellcome Trust's 50% acquisition of Raag Hotels. Raag, which operates Tune Hotels' (pictured) City business, is forming a joint venture with the charity, with the ambition to more than double its presence in central London. Shareholders have committed extra equity to increase the portfolio from the current 616 rooms to a target of 1,500 rooms.
November 06, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
DLA Piper and Stephenson Harwood are among a clutch of firms to have won mandates on the Wellcome Trust’s 50% acquisition of Raag Hotels.
Raag, which operates Tune Hotels’ (pictured) City business, is forming a joint venture with the charity, with the ambition to more than double its presence in central London.
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