Paul Hastings LLP has advised Invesco Real Estate on the conclusion of a sale and purchase agreement with Swedish hotel owner Pandox AB (publ) to sell seven hotel properties in Europe – four in Germany, two in Austria and one in the Netherlands – with a total of 1,744 rooms.
The hotels are of very high quality, positioned in the upper full-service segment and operated by well-known hotel operators under long-term revenue-based lease agreements with good rental guarantee levels.
The Paul Hastings team consisted of London partners David Ryland (Picture) and Mark Rajbenbach (Real Estate), Frankfurt partners Dr. Jan Gernoth (Real Estate) and Edouard Lange (Finance), tax advisor Uwe Halbig (Frankfurt) and associates Hannes Riedel (Real Estate, Frankfurt), Stephen Nicolas (Real Estate, London), Johannes Ruppel (Finance, Frankfurt) and Maximilian Kuhn (Corporate, Frankfurt).
Involved fees earner: David Ryland – Paul Hastings; Mark Rajbenbach – Paul Hastings; Jan Gernoth – Paul Hastings; Hannes Riedel – Paul Hastings; Stephen Nicolas – Paul Hastings; Edouard Lange – Paul Hastings; Johannes Ruppel – Paul Hastings; Uwe Halbig – Paul Hastings; Maximilian Kuhn – Paul Hastings;
Law Firms: Paul Hastings;
Clients: Invesco Real Estate;