McDermott Will & Emery Advises on Major Hospitality Transaction in Germany and the Netherlands
DÜSSELDORF (November 2, 2015) – McDermott advised the Blackstone Group and Event Hospitality Group on the successful acquisition of 29 hotels in Germany and The Netherlands for a total value of $260 million from Accor Hotels, a leading European hospitality company. The hotel portfolio acquired is comprised of 18 hotels (2,167 rooms) in Germany and 11 hotels (1,187 rooms) in The Netherlands.
The portfolio comprises 2 ibis budget, 11 ibis, 12 Mercure and 4 Novotel hotels. The deal is subject to merger control clearance in Germany and The Netherlands.
The cross-border McDermott team included corporate partners: Norbert Schulte, Carsten Böhm, Jan Hueckel, Lionel Lesur, Oliver Lieth, Holger Weiß, Jonathan Wohl, Thomas Ammermann and Sebastian von Lossow; tax partners Annette Keller, Christian Schuster and Kian Tauser, and employee benefits partner Volker Teigelkötter.
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai. www.mwe.com