Remake Acquires Four Hotels in Poland for EUR 33.5 Million
Deal News | Jan 16, 2025 | CEE Legal Matters
Gide has provided legal counsel to Remake Asset Management in the acquisition of four hotels located in Warsaw, Krakow, Lodz, and Lublin from Covivio for EUR 33.5 million. The deal was conducted for the SCPI Remake Live fund, focusing on real estate assets within Poland. The purchased hotels are under long-term lease agreements with B&B Hotels. Wardynski & Partners offered legal advice to the sellers in this substantial transaction. The roles were significantly supported by teams from both law firms, highlighting strategic legal collaboration in facilitating the transaction.
Sectors
- Real Estate
- Legal Services
- Hospitality
Geography
- Poland – The acquisition involves hotels located in multiple cities in Poland, including Warsaw, Krakow, Lodz, and Lublin.
Industry
- Real Estate – The acquisition involves the purchase of hotels, indicating activity in the real estate sector, particularly focused on hospitality assets.
- Legal Services – Involvement of law firms Gide and Wardynski & Partners underscores the importance of legal services in facilitating mergers and acquisitions.
- Hospitality – The assets involved in the deal are hotels which fall under the hospitality industry.
Financials
- EUR 33.5 million – The acquisition price for the four hotels.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Remake Asset Management | Buyer | Company | Acting for the SCPI Remake Live fund, responsible for acquiring the hotels. |
| Covivio | Seller | Company | The company from which Remake Asset Management acquired the hotels. |
| Gide | Legal Advisor for Buyer | Company | Provided legal advice to Remake Asset Management during the acquisition. |
| Wardynski & Partners | Legal Advisor for Seller | Company | Counseled the seller, Covivio, in the transaction. |
| B&B Hotels | Lessee | Company | Operates the hotels involved in the acquisition under long-term lease agreements. |