Naos Hôtel Groupe Agrees to Sell High-End Hotel Assets Amidst Reorganization
Deal News | Dec 12, 2024 | White & Case
Global law firm White & Case LLP has successfully advised Naos Hôtel Groupe during its judicial reorganization and subsequent sale of its high-end hotel assets. As of December 6, 2024, the Commercial Court of Poitiers has approved a comprehensive deal allowing the transfer of Naos Hôtel Groupe’s portfolio, which includes 13 four- and five-star hotels under Hilton and Marriott brands in France, to buyers such as ICG, Westmont Hospitality, Ferré Hôtels, LRO Hospitality, and Atypio Invest. These strategic moves were essential for Naos Hôtel Groupe to address its financial challenges and focus on executing a reorganization plan. White & Case, led by Partner Alexis Hojabr and a robust team of skilled professionals, played a pivotal role in navigating the complex legal terrain of the proceedings.
Sectors
- Hospitality
- Legal Services
- Real Estate
Geography
- France – The Naos Hôtel Groupe and the hotels involved in the sale are located in France.
Industry
- Hospitality – The article relates to the hotel industry, specifically the sale of high-end hotel assets.
- Legal Services – White & Case LLP, a law firm, provided legal advice on the restructuring and sale process.
- Real Estate – The transaction involves the sale of hotel properties, a significant real estate asset class.
Financials
- – The financial terms of the sale are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Naos Hôtel Groupe | Target Company | Company | A group undergoing restructuring and selling hotel assets. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising Naos Hôtel Groupe on legal matters. |
| ICG | Buyer | Company | One of the buyers of Naos Hôtel Groupe's hotel assets. |
| Westmont Hospitality | Buyer | Company | One of the buyers of Naos Hôtel Groupe's hotel assets. |
| Ferré Hôtels | Buyer | Company | One of the buyers of Naos Hôtel Groupe's hotel assets. |
| LRO Hospitality | Buyer | Company | One of the buyers of Naos Hôtel Groupe's hotel assets. |
| Atypio Invest | Buyer | Company | One of the buyers of Naos Hôtel Groupe's hotel assets. |