Birketts advises on acquisition of The Globe Inn
Leading East of England law firm Birketts LLP has advised Stephen and Antonia Bournes on their acquisition of The Globe Inn, Wells-next-the-Sea, one of North Norfolk’s most popular destinations.
Situated in The Buttlands, this Inn has seven bedrooms and a 40-seat restaurant with plans existing for a further ten bedrooms to be built in the buildings surrounding the courtyard.
The Birketts team advising Stephen and Antonia Bournes was led by property partner Melissa Loucas and corporate senior associate Greg Allan.
Stephen Bournes said, “We are both very excited about taking on The Globe. When an opportunity to acquire a local landmark like The Globe Inn arises, speed and flexibility are key to getting the deal done. We chose Birketts because they have proved before that they are able to move fast without sacrificing quality."
Melissa Loucas, partner in the commercial property team at Birketts, said, "We are delighted to have advised Stephen and Antonia on this strategic acquisition of such a landmark hotel. It involved close working of a number of teams to meet our clients' deadline and ensure a smooth handover of the business operations. We are experiencing continued transactional activity in the leisure and hospitality sector, and this is one of a number of high profile transactions we have completed this year."