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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

Thomas Page is Head of the CMS Hotels & Leisure Group. In this position, he leads an international team of over 100 specialists.

With experience across Europe, Middle East, South East Asia and Africa, Tom advises a range of international clients, including investors, developers, operators, fund managers and banks on corporate transactions such as M&A, joint ventures and corporate finance, in the hotels, leisure, real estate and technology sectors.

As developers, investors and banks need specialist advice on hotel management agreements with operators, he has developed a particular expertise in this area, publishing “The Little Blue Book Guide to Hotel Management Agreements”.

Operators have asked him to advise on their standard form management agreements. Tom is recognised as a leading expert in the hotels sector, regularly speaks at international industry events and is on the Advisory Board of the International Hotel Investment Forum and the Investment Committee of Global Hotel Network.

He is a top ranked individual for Hotels & Leisure by legal directory Chambers and recommended as a Leading Individual by Legal 500. He leads a team that is top ranked by both publications.

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

Chambers, 2015

Top ranked individual. “Extremely knowledgeable in his field”

Chambers, 2016

Hospitality 250 Leading Individual in the global hotel industry

Hospitality Channel

Relevant experience

  • Oaktree Capital on the acquisition, joint venture, financing and subsequent disposal of the Hilton Wembley Hotel, London.
  • Limulus, advised by the Deerbrook Group, on the GBP 150m acquisition of the Ace Hotel Shoreditch, London from Starwood Capital (Winner, Hot.E Single Asset Deal of the Year 2015).
  • Sunrider International on the GBP 184m acquisition of St Ermins Hotel London, an Autograph Collection Hotel (Runner-up, Hot.E Single Asset Deal of the Year 2015).
  • Algonquin on the joint venture and asset management arrangements with Benson Elliot and Walton Street Capital for the EUR 420m acquisition of seven European hotels from Host Hotels and Resorts
  • Fawkes Holdings and Ernst & Young as administrators on the sale of 42 UK Marriott Hotels.
  • Calton Hill LLP on the hotel management agreement with Rosewood for the proposed Rosewood, Edinburgh Hotel at the Old Royal High School, Edinburgh
  • Battersea Power Station on the art’otel hotel management agreement with PPHE Group
  • RREEF on its disposal of interests in seven retail projects in Germany, Spain, France, Italy and Belgium to Hammerson plc.
  • Quinn Property Holdings on the separate sales of the Cambridge Crowne Plaza hotel, the Sheraton Krakow Hotel, Poland and the Hilton Sofia Hotel, Romania.
  • Corinthia, Malmaison and CitizenM and other operators on their standard form hotel management agreements.
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Memberships & Roles

  • Investment Committee, Global Hotel Network
  • 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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Get in contact with


09 July 2020
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...
24 June 2020
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...
5 March 2020
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...
27 February 2020
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...
June 2019
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...
18 June 2019
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
Sep 2018
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...
2 July 2018
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...
July 2018
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...
June 2018
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...
01 March 2018
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...
01 March 2018
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...