The group already owns several hotels in Europe and had used Luther's advisory services for the earlier acquisitions in Germany as well.

Hamburg – The Norwegian family-owned business Wenaasgruppen purchased the Radisson Blu Hamburg Dammtor Hotel in mid-March 2017. Radisson Blu, with a height of 108 m, is the second highest inhabited building in Hamburg and is only surpassed by the Elbphilharmonie (the new Elbe Philharmonic Hall). The purchase of the impressive building shows the confidence of Wenaasgruppen in Hamburg's growing international touristic appeal triggered by the Elbphilharmonie and the Congress Center Hamburg (CCH). This textile and real estate company already owns several hotels in Germany. As in the past, the group asked Luther Rechtsanwaltsgesellschaft to assist with this transaction.

The seller is Azure Hotels, which is based in Luxembourg. With the help of Luther, Wenaasgruppen was able to prevail over several other bidders by making quick decisions and implementing them quickly as well. Luther was able to offer all necessary legal and tax consulting services – the latter in collaboration with ATOZ Luxembourg.

About Wenaasgruppen

The family-owned business sells sport and leisure equipment and operates several four and five star hotels. It owns 24 hotels in Norway, Denmark, Russia, Poland, Gran Canaria, and Germany. The German hotels are the Scandic Berlin Kurfürstendamm, the Scandic Berlin Potsdamer Platz, the Radisson Blu Scandinavia Hotel, Düsseldorf, and the Radisson Blu Hotel Frankfurt. The Radisson Blu Hotel in Hamburg, which was recently acquired, has 32 floors, of which 27 are inhabited, and 556 rooms.

Wenaasgruppen has approximately 1,900 employees and globally generated sales to the amount of EUR 242 million in 2015. Its managing director is Lars Wenaas, who developed the business together with his father Sigmund and his brother Nils.

For Wenaasgruppen

Luther, Mergers & Acquisitions, Corporate Law: Dr Arnd Becker (Partner, Lead), Daniel Jürgensen, LL.M. (both in Essen), Philipp Dietz, LL.M. (Partner), Dr Johannes C. Becker (both in Cologne), Marie Sinniger, Julie Prunier (both in Luxembourg)

Luther, Tax Law: Ulrich Siegemund (Partner), Tilo Künstler (both in Frankfurt am Main)

Luther, Banking and Capital Market Law: Christoph Schauenburg, LL.M. (Partner), Stefan Jokel (both in Frankfurt am Main)

Luther Insurance Law: Dr Alexander Mönnig, LL.M. (Counsel, Hamburg)

Luther, Tenancy Law, Commercial and Distribution Law: Ole-Jochen Melchior (Partner), Dr Maresa Hormes (both in Essen)

Luther, Real Estate Law: Henner-Matthias Puppel (Partner), Dr Björn Arndt (both in Essen)

Luther, Public Law: Claudia Schoppen (Partner), Dr Paul Michael Veit, LL.M. (both in Essen)

Luther, Employment Law: Paul Schreiner (Partner, Essen), Robert Pacholski (Leipzig)

Luther, IP and Copyright Law: Dr Maximilian Dorndorf (Partner), Peter Schneidereit (both in Essen)

Luther, Antitrust Law: Franz-Rudolf Groß, LL.M. (Counsel, Düsseldorf)

Tax Consulting Luxembourg on behalf of Wenaasgruppen

ATOZ Luxembourg: Andreas Medler, Andrea Talotta, Victor Le Pape, Thibaut Boulange, Oliver Hoor