Clifford Chance Advises Ares on European Hotel Recapitalization
Deal News | Feb 05, 2025 | CEE Legal Matters
Clifford Chance has advised Ares Management's Real Estate Secondaries funds on a joint venture with Cedar Capital Partners to recapitalize a European Hotel Portfolio. This portfolio, managed by Cedar Investment Partners III SCSp, includes five lifestyle hotels located in key European cities. The advisory team from Clifford Chance was led by Partner Emil Holub from Prague, with additional counsel from team members stationed in London, Luxembourg, Amsterdam, and Milan. However, Clifford Chance has not disclosed further information regarding the specifics of the recapitalization deal.
Sectors
- Real Estate
- Hospitality
- Finance
Geography
- Europe – The article involves a hotel portfolio across European cities, involving various legal teams from major European cities like Prague, London, Luxembourg, Amsterdam, and Milan.
Industry
- Real Estate – The transaction involves real estate assets, specifically hotels, as the primary focus of the recapitalization effort.
- Hospitality – The industry classification is relevant because the deal concerns a portfolio of 'lifestyle hotels' within the hospitality sector.
- Finance – This is relevant because the article discusses recapitalization, which is a financial restructuring process involving investments and financial funds.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clifford Chance | Legal Advisor | Company | A multinational law firm advising on the European Hotel Portfolio recapitalization. |
| Ares Management | Investor | Company | A global alternative investment manager involved in the hotel portfolio recapitalization. |
| Cedar Capital Partners | Joint Venture Partner | Company | A real estate investment management firm partnering with Ares in this venture. |
| Cedar Investment Partners III SCSp | Owner | Company | A Cedar-managed fund that will own the hotel portfolio. |
| Emil Holub | Partner | Person | Prague-based partner at Clifford Chance leading the advisory team. |
| Milan Rakosnik | Counsel | Person | Counsel at Clifford Chance involved in the advisory team. |
| Tereza Rehorova | Senior Associate | Person | Senior Associate at Clifford Chance involved in the advisory team. |
| Ondrej Dolensky | Associate | Person | Associate at Clifford Chance involved in the advisory team. |