Jameson Legal














McDermott Will & Emery Advises on Major Hospitality Transaction in Germany and the Netherlands

04 Nov 2015

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.

Matter Type
Asset Sale: Acquiror's Counsel
Fund/Investment Management
News Category
Real Estate & Construction