Starwood Capital’s €75 Million Acquisition of hôtel Sofitel Budapest Chain Bridge

Jeantet Budapest advised Accor-Pannonia Hotels Zrt on the deal

Accor-Pannonia Hotels Zrt. (“Accor”), a subsidiary of the hospitality leader Orbis Hotel Group has executed a EUR 75 million sale and management back transaction with controlled subsidiaries of Starwood Capital Group regarding the iconic Sofitel Budapest Chain Bridge Hotel (“Hotel”), located in the heart of the Hungarian capital (“Transaction”).

The Transaction – encompassing, inter alia, a quota sale, related business transfer and the management back of the Hotel – is subject to the approval of the European Commission.

Jeantet advised Accor-Pannonia Hotels Zrt. with François d’Ornano (Picture) Anna-Mária Veres and Blanka Börzsönyi.

Involved fees earner: François d’Ornano – Jeantet & Associates; Anna-Maria Veres – Jeantet & Associates; Blanka Börzsönyi – Jeantet & Associates;

Law Firms: Jeantet & Associates;

Clients: Accor-Pannonia Hotels Zrt.;