McDermott advised the Blackstone Group and Event Hospitality Group on the successful acquisition of 29 hotels in Germany and The Netherlands for a total value of $260,000,000 from Accor Hotels, a leading European hospitality company. The hotel portfolio acquired is comprised of 18 hotels (2,167 rooms) in Germany and 11 hotels (1,187 rooms) in The Netherlands.

The portfolio comprises 2 ibis budget, 11 ibis, 12 Mercure and 4 Novotel hotels. The deal is subject to merger control clearance in Germany and The Netherlands.

The cross-border McDermott team included corporate partners: Norbert Schulte, Carsten Böhm, Jan Hueckel, Lionel Lesur, Oliver Lieth, Holger Weiß, Jonathan Wohl, Thomas Ammermann and Sebastian von Lossow; tax partners Annette Keller, Christian Schuster and Kian Tauser, and employee benefits partner Volker Teigelkoetter.