Mayer Brown JSM has advised Langham Hospitality Investments, an investment trust controlled by property developer Great Eagle Holdings, on its $550 million IPO on the Hong Kong stock exchange.

The investment trust will own the Langham, Langham Place Hotel and Eaton hotels in Hong Kong through a similarly named company called Langham Hospitality Investments Ltd.

Freshfrields Bruckhaus Deringer, led by Hong Kong partners Grace Huang and Ken Martin, advised the sponsors and joint bookrunners of the IPO – Deutsche Bank AG, HSBC, and Citigroup.

Conyers Dill & Pearman advised Langham Hospitality on Cayman Islands law.

Langham Hospitality plans to use 88 percent of the IPO proceeds to pay part of a loan used to buy the three hotels from Great Eagle, with the remainder of the funds set aside for improvements at the hotels over the next five years and for working capital.

The trust debuted on the Hong Kong stock exchange on May 30.

Kanishk Verghese is North Asia journalist at ALB. Follow us onTwitter: @ALB_Magazine.

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