Immobel Sells Cloud One Gdansk Hotel to Invesco Real Estate
Deal News | Dec 16, 2024 | CEE Legal Matters
Immobel has successfully executed the sale of its Cloud One Gdansk hotel to Invesco Real Estate. Located on Gdansk's Granary Island, the Cloud One hotel is part of the lifestyle brand launched by the Motel One Group in 2022. Adding to its appeal, the property boasts a BREEAM Very Good certification, a testament to its sustainable design. Situated near Gdansk's historic old town, the hotel's location on the award-winning Granary Island adds to its strategic and commercial value. The legal advisory teams for this transaction were led by A&O Shearman representing Immobel and CMS for Invesco Real Estate. A&O Shearman’s legal contingent featured Partner Michal Matera and other associates, while CMS's team included Partner Michal Miecinski and an array of legal professionals.
Sectors
- Real Estate
- Hospitality
Geography
- Poland – The transaction involves the sale of a hotel located in Gdansk, Poland.
Industry
- Real Estate – The article discusses the sale of a hotel property, which is inherently related to the real estate industry.
- Hospitality – The Cloud One Gdansk hotel is part of the hospitality sector, providing accommodation as part of the lifestyle brand of Motel One Group.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Immobel | Seller | Company | Immobel is the owner and vendor of the Cloud One Gdansk hotel. |
| Invesco Real Estate | Buyer | Company | Invesco Real Estate is the purchasing entity acquiring the Cloud One Gdansk hotel. |
| A&O Shearman | Legal Advisor | Company | A&O Shearman acted as legal advisor for Immobel in the transaction. |
| CMS | Legal Advisor | Company | CMS provided legal advice for Invesco Real Estate. |
| Motel One Group | Brand Owner | Company | Motel One Group is the parent company that introduced the Cloud One Hotels brand. |