By closing this transaction, the Hotusa Group has secured one of Austria's best-known luxury hotels, overcoming competition from a
large number of national and international interested parties. The Grand Hotel Wien, one of the
most renowned hotels on Vienna's Ringstrasse, looks back on a history spanning more than
150 years and is considered one of Vienna's most prestigious luxury hotels.
After conducting a multi-stage bidding process overseen by the insolvency administrator, the
Hotusa Group ultimately prevailed as the highest bidder against a large number of national and
international competitors. CERHA HEMPEL advised the Hotusa Group throughout the entire
acquisition process, in particular with regard to legal due diligence, strategic structuring, the
preparation and revision of bids, and all negotiations during the bidding process. CERHA
HEMPEL also advised on all matters relating to the integration of the Grand Hotel Wien into the
Hotusa Group. The transaction value was just under EUR 100 million.
Hotusa:
Headquartered in Barcelona, the Hotusa Group is one of Europe's largest tourism holdings. The
company operates approximately 300 hotels in 23 countries under the brands Eurostars Hotels,
Áurea Hotels, Dorma Hotels, Exe Hotels, Ikonik Hotels, Crisol Hotels, and Tandem Suites.
CERHA HEMPEL and the project team:
The team at CERHA HEMPEL was led by Dr. Johannes Aehrenthal, LL.M. (Partner, Corporate
& Commercial) and Mag. Wolfgang Schreiner (Counsel, Corporate & Commercial, Real Estate),
and also included Dr. Benjamin Twardosz, LL.M. (Partner, Tax), Mag. Thomas Stedronsky (As-
sociate, Corporate & Commercial), and Mag. Jasmin Scharf (Associate, Corporate & Commer-
cial).