Henderson Park & Hines Propel Landmark Athens Hotel Sale to Blackstone
Deal News | Dec 02, 2024 | Paul Hasting
Paul Hastings LLP advised Henderson Park & Hines in the sale of the Grand Hyatt Athens to funds managed by Blackstone Real Estate. The international private equity real estate firm, Henderson Park, along with global real estate investor and developer Hines, successfully divested the landmark hotel located in Athens. This transaction further establishes Blackstone Real Estate as a major player in the hotel industry, underscoring the firm's strategy to expand its portfolio of luxury hospitality assets. The deal was spearheaded by Partner Stephen Nicolas and Associate Zoe McGowan from Paul Hastings, known for its expertise in handling complex financial and real estate transactions. The involvement of powerhouse firms like Paul Hastings, Henderson Park, Hines, and Blackstone highlights the significant nature of this transaction in the international real estate market.
Sectors
- Real Estate
- Hospitality
- Private Equity
Geography
- Greece – The Grand Hyatt Athens is located in Athens, Greece, which is the geographic focus of this real estate transaction.
Industry
- Real Estate – The sale of the Grand Hyatt Athens involves major players in the real estate industry including international private equity real estate firms and global real estate investors and developers.
- Hospitality – The transaction involves the Grand Hyatt Athens, a luxury hotel, which is directly related to the hospitality industry.
- Private Equity – Involves the participation of private equity real estate firms such as Henderson Park and Blackstone.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising on the transaction. |
| Henderson Park | Seller | Company | An international private equity real estate firm involved in the sale. |
| Hines | Seller | Company | A global real estate investor and developer involved in the sale. |
| Blackstone Real Estate | Buyer | Company | Managed the funds acquiring the Grand Hyatt Athens. |
| Stephen Nicolas | Partner | Person | Led the Paul Hastings team advising on the transaction. |
| Zoe McGowan | Associate | Person | Supported the legal advisory from Paul Hastings. |