Maybourne Hotel Group Completes Its Planned Refinancing And Maintains Focus On Its Iconic Assets And Their Leading Position Among The World’s Finest Hotels

Maybourne Hotel Group was advised by Alvarez & Marsal LLP, Eastdil Secured and DLA Piper. Robin Priest, Managing Director of Alvarez & Marsal, added: “This refinancing provides an excellent foundation for the company's future. It has been a pleasure to work with the company, the Board, the lenders and the advisory group to deliver this result.”

About Maybourne Hotel Group

Maybourne Hotel Group whose headquarters is in Mayfair, London, owns and manages Claridge’s, the Connaught and the Berkeley, three of the world’s most renowned hotels. Maybourne hotels are committed to delivering authentic and unique guest experiences that reflect the individual nature of its hotels, its guests and its people whilst maintaining a timeless elegance and intuitive service style that are the hallmarks of its properties. www.maybourne.com

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.

Copyright Business Wire 2010

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