GSK Stockmann advised Munich Hotel Partners GmbH (MHP) on the deal.
Munich Hotel Partners GmbH (MHP) completed the acquisition of the former Swissôtel Basel.
MHP acquired the building in cooperation with US private equity company H.I.G Capital and concluded a long-term management agreement regarding the hotel operations as part of the joint venture, which was set up in Luxembourg.
The former Swissôtel Basel will be run in the future as Marriott Hotel Basel. The hotel’s rebranding to the premium brand Marriott will take place after an extensive refurbishment in the coming months. By acquiring a minority stake in the property, MHP is co-investing in the hotel real estate market for the first time, and is thus expanding its business model. The parties agreed not to disclose the purchasing price.
Munich Hotel Partners GmbH (MHP) is an independent German hotel investment and hotel management platform with headquarters in Munich.
The GSK Stockmann team was led by partners Stefan J. Schlapka (Picture) and Philipp Mössner, together with Kate Yu Rao.
Law Firms: Gsk Stockmann;
Clients: Munich Hotel Partners GmbH;