Hagag Development Taps Radisson for Bucharest Hotel Deal
Deal News | May 16, 2025 | CEE Legal Matters
Zamfirescu Racoti Vasile & Partners (ZRVP) has provided legal counsel to Hagag Development Europe in their agreement with Radisson Hotel Group to open Romania's first Radisson RED hotel in Bucharest. This marks Hagag's initial foray into the hospitality industry within the Romanian capital. The legal team from ZRVP was led by Partner Marina-Crenguta Florea. Hagag Development is an active player in the real estate sector, focusing on the acquisition, development, and renovation of properties.
Sectors
- Real Estate Development
- Hospitality
- Legal Services
Geography
- Romania – The transaction and new hotel are set in Bucharest, Romania, making it a core geographic focus of the article.
Industry
- Real Estate Development – Hagag Development Europe is involved in the acquisition, development, and renovation of real estate properties.
- Hospitality – Radisson Hotel Group's involvement emphasizes the article's focus on the hospitality industry through the Radisson RED hotel deal in Romania.
- Legal Services – ZRVP provided legal advice, highlighting the industry's role in facilitating corporate transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hagag Development Europe | Target | Company | A real estate development company involved in acquisition, development, and renovation projects. |
| Radisson Hotel Group | Other Company | Company | A global hotel chain involved in the hospitality sector, partnering with Hagag for the Radisson RED brand. |
| Zamfirescu Racoti Vasile & Partners (ZRVP) | Legal Advisor | Company | Legal firm providing counsel to Hagag Development on the hotel management agreement. |
| Marina-Crenguta Florea | Partner | Person | ZRVP Partner who led the legal team advising Hagag Development. |