Paul Hastings Advises Lehman Brothers on Exit from Joint Venture Ownership of Sanderson and St. Martins Lane Hotels

March 05, 2007

Paul Hastings Advises Lehman Brothers on Exit from Joint Venture Ownership of Sanderson and St. Martins Lane Hotels

London (March 5, 2007) - Paul Hastings Janofsky & Walker (Europe) LLP (Paul Hastings), a leading international law firm, has advised Lehman Brothers on its exit from the joint venture with Morgan Hotels that owns the London hotels, The Sanderson and St. Martins Lane, for a substantial sum.

Lehman Brothers acquired its interest in The Sanderson and St. Martins Lane hotels six years ago when it supported the buyout of the Burford property group.

The transaction was led by partners Linda Fletcher (real estate) and Ronan O'Sullivan (corporate), assisted by senior associates, Donna Goldsworthy and Hayley Buckley. Freshfields acted for Morgan Hotels.

This transaction demonstrates the continuing strong relationships between Paul Hastings and Lehman Brothers.

Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,100 attorneys in 18 offices. The firm serves a diverse client base including including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.