Paul Hastings LLP has advised Invesco Real Estate, the global real estate investment manager, on the acquisition of the Leonardo Royal Munich with 424 rooms from the Israeli hotel operator Fattal Group.
The purchase price for the 4-star hotel amounts to €157 million. The transaction also included the negotiation and conclusion of a long-term lease agreement for the hotel with its current and new operator.
Leonardo Royal Hotel Munich is located by the Olympiapark, in close proximity to BMW Welt.
The Paul Hastings team consisted of Frankfurt real estate partner Jan Gernoth (Picture), tax advisor Uwe Halbig, and real estate associate Hannes Riedel.
Law Firms: Paul Hastings;
Clients: Invesco Real Estate;