GvW Graf von Westphalen advises on the sale of a hotel portfolio to Whitbread/Premier Inn
Premier Inn has secured a further portfolio in Germany: The hotel chain’s British parent company, Whitbread, a well-respected company listed on the London stock exchange, acquired three hotels with a total of 482 rooms from a private owner.
The portfolio consists of two existing hotels in Munich and Nuremberg which are currently operated under the brand acomhotels as well as a development project in Stuttgart.
The three new hotels will be operated under the Premier Inn brand following their completion/ remodeling, which are planned for the beginning of 2020. Confidentiality was agreed with regard to the purchase price.
GvW Graf von Westphalen advised the previous owner in this transaction under the lead of Frankfurt based partner Titus Walek, supported by a team consisting of Christian Esch (Partner, Hamburg), Karsten Kujath (Associated Partner, Frankfurt) und Martin Knoll (Senior Associate, Munich).
News
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.