TFG Group to Develop Canopy by Hilton in Warsaw with DWF's Assistance
Deal News | Jan 29, 2025 | CEE Legal Matters
DWF, a prominent law firm, is advising TFG Group on the development and financing of the Canopy by Hilton hotel in Warsaw, marking the first lifestyle hotel by the Hilton chain in Poland. This project involves a 170-room hotel expected to open by mid-2026. TFG Development acts as the investor, while TFG Hotels will manage operations post-completion. The legal team from DWF comprises several partners, local partners, counsels, and associates, but they did not comment on the development. The construction contract has been awarded to PORR, and project financing is being arranged through Pekao Bank.
Sectors
- Real Estate Development
- Hospitality
- Legal Services
- Financial Services
Geography
- Poland – The hotel project is based in Warsaw, Poland, which is the geographic focus of the article.
Industry
- Real Estate Development – The project involves construction and development of a new hotel property.
- Hospitality – The article discusses the development of a hotel, which is part of the hospitality industry.
- Legal Services – DWF is providing legal advisory services for the hotel project.
- Financial Services – Pekao Bank is providing financing for the hotel development project.
Financials
- Not Disclosed – The financial details regarding the project financing amount are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TFG Group | Investor and Operator | Company | TFG Group is acting as both the investor through TFG Development and will operate the hotel through TFG Hotels. |
| DWF | Legal Advisor | Company | DWF is delivering legal advisory services for the development and financing of the hotel project. |
| Hilton | Brand | Company | Hilton is the hotel brand under which the Canopy by Hilton in Warsaw will be developed. |
| PORR | General Contractor | Company | PORR has been selected as the general contractor for the construction of the hotel. |
| Pekao Bank | Project Financer | Company | Pekao Bank is providing the necessary financing for the project. |