DLA Piper Weiss-Tessbach has advised Erste Group Immorent on the sale of the 5-star Radisson Blu Resort & Spa Dubrovnik Sun Gardens, a luxury hotel on the Croatian coast  to a Chinese investor.

The transaction was set up as a share deal and is regarded as one of the largest hotel transactions in the CEE region  this year.

The DLA Piper team, who advised on finance law aspects of the deal, was led by Finance &Projects partner in Vienna, Jasna Zwitter-Tehovnik, one of the few lawyers in Austria admitted in four jurisdictions. 

She said: "We have advised Erste Group Immorent since 2008 and it is pleasing to see the progress of this deal through to completion. Our team was able to ensure it was completed swiftly, demonstrating the strength of DLA Piper's Finance practice. "

The DLA Piper team also included,senior associate Alexander Schultmeyer, and associate Natalia Feriencikova (both Finance & Projects, Vienna).