Portrait of Thomas Page

Thomas Page

Head of the CMS Hotels & Leisure Group

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
United Kingdom
Languages English

Tom is the Global Head of the Hotels & Leisure Group at CMS, based in London, where he is a corporate partner. As such, he specialises in mergers & acquisitions and in particular company and business acquisitions and joint ventures in the hotel sector, for clients such as AccorInvest, BlackRock, citizenM, Ennismore, Fattal Hotels, Henderson Park, Oaktree Capital, Schroders and a number of other investors.

He also advises owners, investors, developers, banks extensively on hotel management and franchise agreements across most brands and has advised several global and niche operators on their standard form management agreements. He advises banks on the corporate and management agreement aspects of hotel acquisition & development financings; refinancings; and restructurings of hotel portfolios.

In the legal directories, he is ranked Tier 1 in Chambers 2022 and a Leading Individual in Legal 500 2022. He is a member of the IHIF Advisory Board and Hospitality Channel’s Hospitality 250 list of global leading individuals in the sector.

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"an excellent hotels lawyer"

Legal 500

"He is a top person in his field, both in the UK and Europe, and his subject matter knowledge is excellent.” and “he offers clients a no-nonsense approach, constructive and results-oriented advice and good drafting skills - even when complicated financial ratios and mechanisms are involved."

Chambers Guide

Top ranked individual. “Extremely knowledgeable in his field”

Chambers, 2016

Hospitality 250 Leading Individual in the global hotel industry

Hospitality Channel

Top ranked individual. “Highly regarded for his expertise in the hotel sector and praised for his commercial approach”

Chambers, 2015

Relevant experience

  • Henderson Park on its acquisition of 12 Hilton-branded hotels in UK and Ireland and the Klarent Hospitality business from AroundTown and LRC Group.
  • Arora Group on the acquisition of Luton Hoo Hotel and Golf from Elite Hotels.
  • Schroder Real Estate on the €96 million acquisition of the Tryp Apolo Hotel Barcelona from Varde Partners and leaseback to Melia.
  • Fattal Hotels (with Pandox) on the £800 million acquisition of the 36 Jurys Inn Hotels group and the £115 million acquisition of the Midland Hotel, Manchester.
  • Accor on the UK aspects of its EUR 4.4 billion demerger of the AccorServices and AccorInvest division.
  • Oaktree Capital and Westmont in relation to a portfolio of 16 UK Hilton hotels, including enforcement of debt, refinancing, new management / franchise agreements and subsequent sale of all 16 hotels to ten separate buyers.
  • BlackRock on the acquisition and manageback of the Hilton Garden Inn Birmingham Airport from Castlebridge.
  • Ikos Resorts on its acquisition of hotels in Corfu, Greece from the Chandris Group.
  • Bain Capital and Canyon Capital on the acquisition of six luxury De Vere Hotel & Golf Resorts across the UK and integration into the QHotels operating platform.
  • Lore Group on its £100million acquisition of The Pulitzer Hotel, Amsterdam, £150 million acquisition of the Ace Hotel, Shoreditch London, and the Mondrian brand management agreement for the Sea Containers Hotel, London.
  • Advising operators such as Accor, citizenM, Corinthia, Cycas, Ennismore (Hoxton), EQ Group, Ikos Resorts, Malmaison, PPHE Group, Standard International and Sydell Group on their standard form hotel management and franchise agreements.
  • Various hotel owners and developers on their hotel managements with various operators, including the NoMad London, Edition Milan, W Edinburgh, W Ibiza, Rosewood Edinburgh, Nobu Shoreditch London, Hyatt Regency London Blackfriars and many others.
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Memberships & Roles

  • IHIF Advisory Board
  • OpRE Advisory Board
  • Energy & Environmental Alliance General Counsels Committee
  • Member, Leisure Property Forum
  • Member, Hotel Property Network
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  • 1996 – LPC, College of Law
  • 1995 – MA(Hons) Law, Clare College, Cambridge 
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Hotel In­dustry Jar­gon Buster
From A&G and half board to opaque book­ings and VR – the Hotel In­dustry Jar­gon Buster provides you with a com­pre­hens­ive list of the most cur­rent terms in the hotel in­dustry.This easy-to-use format al­lows...
Plan for Jobs – What does this mean for hotel and leis­ure busi­nesses? 
The Chan­cel­lor made his state­ment yes­ter­day (8 Ju­ly 2020) on the next phase of the gov­ern­ment’s plan to ad­dress the eco­nom­ic im­pacts of the coronavir­us out­break.  The pro­posed meas­ures in­clude sup­port...
4th Ju­ly Re­open­ing in Eng­land – what does this mean for hotel and leis­ure...
The Prime Min­is­ter made his long-awaited state­ment to the House of Com­mons yes­ter­day (23 June 2020) re­gard­ing the fur­ther eas­ing of re­stric­tions which will al­low much of the hos­pit­al­ity sec­tor to re­open...
Nov­el coronavir­us and the hotel sec­tor
Glob­al tour­ism and hotel rev­en­ues are cur­rently be­ing severely af­fected as a res­ult of the out­break of the nov­el coronavir­us (Cov­id-19) in late 2019. Pro­tect­ing staff and guests The World Health Or­gan­iz­a­tion...
Nov­el coronavir­us and the hotel sec­tor
Glob­al tour­ism and hotel rev­en­ues are cur­rently be­ing severely af­fected as a res­ult of the out­break of the nov­el coronavir­us (Cov­id-19) in late 2019. Pro­tect­ing staff and guests The World Health Or­gan­iz­a­tion...
An­nu­al Re­view 2018 – 2019
Cross­ing bor­ders is both the theme of this year’s CMS An­nu­al Re­view and a guid­ing idea that we had when we es­tab­lished CMS 20 years ago. At that time, we de­cided to cre­ate a high-qual­ity, ex­pert and mul­tijur­is­dic­tion­al law firm. This Re­view shows what we’ve achieved over the last year in pur­suit of this goal.Since 1999, work­ing across bor­ders has be­come a daily task for all our law­yers. We are one of the most in­ter­na­tion­al law firms, with more than 70 of­fices in over 40 coun­tries. Our 4,800 leg­al ex­perts world­wide work as one team across jur­is­dic­tions, prac­tice areas and sec­tors to en­sure that you get clear, ac­tion­able and busi­ness-fo­cused ad­vice. You can read about our mul­tijur­is­dic­tion­al sup­port for cli­ents in the stor­ies through­out this An­nu­al Re­view. For ex­ample: an in­ter­na­tion­al CMS team ad­vised Ad­vance / Ne­w­house Part­ner­ship on its pur­chase of Stage En­ter­tain­ment, one of the world’s largest theatre pro­du­cers and own­ers. Our law­yers spe­cial­ising in cor­por­ate, me­dia, real es­tate, tax, em­ploy­ment, IP, com­pet­i­tion and bank­ing all worked on the trans­ac­tion.Glob­al­isa­tion con­tin­ues to im­pact the busi­ness en­vir­on­ment pro­foundly, as do the key is­sues on the glob­al agenda such as the US trade talks with China, Brexit and the con­sequences of cli­mate change. With our glob­al firm struc­ture and mind­set, we help you an­ti­cip­ate the prob­lems you face in your daily op­er­a­tions. On page 28, you can read what some of our part­ners around the world have told us about the chal­lenges their cli­ents are cur­rently fa­cing.An­oth­er ma­jor factor shap­ing our daily work is the im­pact of tech­no­logy on all busi­nesses. This year, our an­nu­al event in Da­v­os on the oc­ca­sion of the World Eco­nom­ic For­um (see page 18) fo­cused on how in­creased di­git­al­isa­tion is af­fect­ing con­ven­tion­al busi­ness mod­els.Today, in­tro­du­cing more ad­vanced tech­no­lo­gic­al tools in­to leg­al prac­tice is a must in or­der to meet cli­ents’ qual­ity and ef­fi­ciency ex­pect­a­tions. For CMS, it is about more than just us­ing ar­ti­fi­cial in­tel­li­gence soft­ware or di­git­al tools. To us, in­nov­a­tion means de­vel­op­ing tech­no­logy to of­fer our cli­ents new high-qual­ity ser­vices and to provide new ways of de­liv­er­ing all our leg­al of­fer­ings. Our scale and pres­ence across many jur­is­dic­tions, coupled with our deep un­der­stand­ing of cli­ent needs in their loc­a­tions, means that we are very well qual­i­fied to de­vise such solu­tions. On page 16, some of our key in­nov­at­ors de­scribe the ways in which our tech­no­logy is be­ne­fit­ting cli­ents.I hope you find some in­ter­est­ing and thought-pro­vok­ing stor­ies in this year’s An­nu­al Re­view and wish you an en­joy­able read. My col­leagues in the CMS ex­ec­ut­ive team and I are al­ways happy to hear from you if you have any com­ments or ques­tions.Cor­neli­us Brandi, Ex­ec­ut­ive Chair­man
CMS Ho­tels & Leis­ure Glob­al Bro­chure
At CMS, we un­der­stand the Hotel & Leis­ure busi­ness en­vir­on­ment. Our ex­per­i­ence cov­ers all as­pects of the in­dustry – we are there to guide you and help you grow and stay com­pet­it­ive in crowded mar­kets...
The rise of hotel­tech
While on­line re­views and web­sites cre­ate ex­pect­a­tion, the mo­ment a guest ar­rives, it is all about the ex­per­i­ence – en­joy­ment trans­lates in­to loy­alty and pos­it­ive word of mouth.Many hotel brands are...
30% of hotel and res­taur­ant rev­en­ue now comes from the mil­len­ni­al gen­er­a­tion
13% of mil­len­ni­al in­come is spent on hol­i­days13% of mil­len­ni­al in­come is spent in bars and res­taur­ants72% of mil­len­ni­als value in­ter­ac­tion with hotel and res­taur­ant staff47% of mil­len­ni­als want to or­der...
Find­ing the bal­ance: hu­man touch versus high tech
Ho­tels and res­taur­ants are in­creas­ingly ex­pec­ted to de­liv­er a new and dif­fer­ent ex­per­i­ence; one that leaves a last­ing memory, dis­tin­guishes them from their com­pet­it­ors and em­braces not just tech­no­logy...
Pat­ron sparks EUR 450m Gen­er­at­or Hos­tels sale
With the lux­ury hotel sec­tor fa­cing chal­lenges, the mil­len­ni­al-driv­en trend for chic, yet lower cost, ho­tels and hos­tels con­tin­ues. Gen­er­at­or Hos­tels owns 14 pre­dom­in­antly free­hold as­sets (12 op­er­a­tion­al...
Num­ber 1 Hotel Law­yers in Europe
Wheth­er you’re an own­er, in­vestor, lender or op­er­at­or in the ho­tels and leis­ure sec­tor, you have com­plex busi­ness needs that call for ex­pert solu­tions. At CMS we have the ex­per­i­ence to ad­vise you on...