Global law firm White & Case LLP has advised a consortium consisting of the Israeli hotel chain Fattal Hotels Group and other international investors in connection with the acquisition of 20 hotels in Germany. The joint venture is acquiring 15 Holiday Inn hotels, 4 Best Western hotels and 1 Queens hotel from Queens Moat Houses Ltd. (QMH). This is the largest hotel property transaction in Germany in recent years.
The advice included the acquisition of the hotels in a share deal and the complex financing of the acquisition via senior and mezzanine loans. The sophisticated financing structure required a comprehensive reorganization of the entire group.
Fattal already operates the Leonardo hotels in Germany and will manage a total of 45 hotels in 20 German cities following this acquisition. The Fattal hotel group will then own 85 hotels worldwide, 54 of them in Europe and 31 in Israel.
The Hamburg White & Case Team was led by partners Patrick Narr (Lead/M&A), Florian Degenhardt (Bank Finance) and Dr. Stefan Feuerriegel (Real Estate) and included Partner Dr. Börries Ahrens (Antitrust), Local Partners Dr. Florian Kleinschmit (M&A), Hendrik Röger (Labor Law) and Dr. Justus Herrlinger (Antitrust). They were supported by associates Dr. Matthias von Neumann-Cosel (M&A), Dr. Martin Krüger (Real Estate), Claudia Stefanie Wolf (Real Estate), Veit Sahlfeld (Bank Finance), Dr. Jakob Hoffmann (M&A) and Of Counsel Dr. Martin Hoffmann (Public Law).
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