De Pardieu has advised Zaka Investissement, real estate company of Pierre Bastid’s group, and Evok Collection, gathering the company’s hotel business activity, on the sale of its 5* hotel Sinner Paris to Experimental Group, French hotel group.
This sale reflects Evok Collection’s strategic objective to focus on the development of its two complementary hotel offers under the brands Nolinski and Brach. Evok Collection intends to own and operate about fifteen addresses around these two strong brands throughout the world within 5 years.
The hotel group Experimental Group has deployed a total budget of €53M to acquire the real estate assets and business concerns of this 43-room and 1-suite hotel, i.e., €1.2 M/key.
De Pardieu’s team comprised Frédéric Keller (partner) and Alix Dixneuf (associate) on the Corporate/M&A aspects, and Emmanuel Chauve (partner) and François Peguesse (counsel) on the corporate tax aspects.
Gide Loyrette Nouel’s team, Experimental Group’s advisor, comprised Nadège Nguyen and Elisa Domingues on the Corporate/M&A aspects and Bertrand Jouanneau on the tax aspects.