Latham & Watkins has played a prominent role on the acquisition financing for the sale of the hotel assets of the Raffles group, including the prestigious Raffles Hotel (pictured).

The US firm represented Credit Suisse - one of a trio of mandated lead arrangers, which included Calyon and Aareal Bank - in connection with US$700m credit facilities made available to finance the deal.

US private real estate investment firm Colony Capital is acquiring the hotel operations of Raffles Holdings, which also involves numerous properties under the Raffles and Swissotel brands across the world.