White & Case advises Raiffeisenbank on financing for CIMEX Hospitality Investments’ acquisition of Prague hotel

Global law firm White & Case LLP has advised Raiffeisenbank on the upsize of the existing financing provided to CIMEX Hospitality Investments and its subsidiaries for the acquisition of the four-star Andel's Hotel Prague.

"This transaction demonstrates continued lender appetite for high quality hospitality assets in prime Prague locations," said White & Case partner Jan Linda, who led the Firm's deal team. "The White & Case team supported Raiffeisenbank on the upsize financing, helping to structure a solution that enables the borrower to expand its portfolio while building on an already established presence in Prague's Smíchov district."

The Andel's Hotel Prague is located in immediate proximity to another hotel in the group's portfolio, OREA Hotel Angelo, enabling strong synergies, particularly in the area of conference and congress tourism.

The White & Case team in Prague which advised on the transaction was led by partner Jan Linda and included partner Jonathan Weinberg, local partner Tadeáš Matys and associates Jakub Kopáček and Herbert Wittlich.

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