It never ceases to amaze me what you can learn from hanging out in hotel lobbies.
I have just picked up that PCP Capital Partners - the corporate finance firm set up by dealmaker Amanda Staveley - is in line for a multi-million pound cash windfall after advising the Qatar-backed Constellation Hotels on the £1.4 billion purchase of Claridges, the Connaught and the Berkeley.
I also understand that the thrust of the Irish Times piece about Paddy McKillen selling his 36 pc stake in Maybourne Group to Constellation Hotels is accurate.
Here is a link to the article:
http://www.irishtimes.com/business/commercial-property/qatari-group-buys-mckillen-s-stake-in-london-hotels-1.2191190
It's not clear exactly how much Staveley - who has advised gulf-based investors on buying stakes in Barclays and Manchester City Football Club - will earn from advising Constellation Hotels but typically corporate financiers earn about 0.5pc of the purchase price.
Qatar Holding, Constellation Hotels and PCP Capital Partners all declined to comment.
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