Clifford Chance has advised Primonial Real Estate Investment Management SA on the acquisition of a portfolio of four hotels of well-known brands in Berlin, Dresden, Frankfurt and Düsseldorf-Neuss.
The seller of the properties is Aroundtown SA.
The four 4-star hotels in sum offer 1,100 rooms and a total area of around 70,000 square metres, including conference and wellness facilities. All hotels have also been extensively modernised over the past two to five years.
Aroundtown SA is a publicly listed real estate company, registered in Luxembourg. It invests in income generating commercial and residential properties in central locations in top tier European cities primarily in Germany and the Netherlands.
Primonial REIM provides real estate services. The Company offers real estate investment management services. Primonial REIM operates in France.
The Clifford Chance team advising Primonial REIM included partner Fabian Böhm (Picture) and associate Tatjana Bougargour (both Real Estate), partner Thorsten Sauerhering, counsel Dominik Engl and senior transaction lawyer Laura Lamster (all Tax) (all Frankfurt) as well as partner Michael Dietrich, counsel Maximilian Zedtwitz von Arnim and associate Arne Gayk (all Antitrust, Düsseldorf); from Luxembourg partner Katia Gauzès, senior associate Sascha Nolte, associate Nils Hülsenbeck (all Corporate), partner Geoffrey Scardoni and counsel Maxime Budzin (both Tax); and from Paris partners Marianne Pezant (Corporate) and Alexandre Lagarrigue as well as associates Hanene Zemir and Omar El Arjoun (all Tax).
In-house at Primonial, Olivier Pellier-Cuit led on the legal aspects of the transaction.
Involved fees earner: Fabian Böhm – Clifford Chance; Tatjana Bougargour – Clifford Chance; Maxime Budzin – Clifford Chance; Michael Dietrich – Clifford Chance; Omar El Arjoun – Clifford Chance; Dominik Engl – Clifford Chance; Katia Gauzès – Clifford Chance; Arne Gayk – Clifford Chance; Nils Hülsenbeck – Clifford Chance; Alexandre Lagarrigue – Clifford Chance; Laura Lamster – Clifford Chance; Sascha Nolte – Clifford Chance; Marianne Pezant – Clifford Chance; Thorsten Sauerhering – Clifford Chance; Geoffrey Scardoni – Clifford Chance; Maximilian Zedtwitz von Arnim – Clifford Chance; Hanene Zemir – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Primonial REIM;