Author Archives: George Weston

George is a senior associate at Harneys in the BVI, who specialises in M&A and corporate transactions, and works with investment funds and PE firms on downstream investments and disposals. When not at work or playing football for the mighty Wolues FC, George claims to be spending his time learning to surf; although no-one we know has ever seen him standing up on a board.

Get A Room? Hotels, PE and the BVI – Part 2

In what I fear may be the least anticipated sequel since Sharknado 5, the second part of this blog looks at two real world scenarios, taken from recent transactions in the hospitality sector, that illustrate the flexibility of the BVI’s corporate code and why it matters for investors in this space. Both are based on transactions which we recently completed, but with names and certain details changed to protect client confidentiality.

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Get a room? Hotels, PE and the BVI – Part 1

For some readers of this blog, combining the words ‘Virgin Islands’ and ‘hotels’ in a sentence probably conjures up a beachfront suite, with a view of turquoise ocean and perhaps, a hammock hanging invitingly just outside, shaded by a solitary palm tree. If you are currently suffering through the dank days of darkest November, I can only apologise for putting that image in your head.

However, for myself and the corporate team at Harneys, the connection between the hotel industry and the jurisdiction is not limited to properties located in our corner of the Caribbean. During 2017, we have worked on hotel and hospitality transactions involving British Virgin Islands holding company structures with a combined value of more than US$1 billion and involving a change to the indirect ownership of more than twenty hotels around the world (some of them actually in quite cold climates).

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