Accor-Pannonia Hotels Zrt. (“Accor”), a subsidiary of the hospitality leader Orbis Hotel Group has executed a EUR 75 million sale and management back transaction with controlled subsidiaries of Starwood Capital Group regarding the iconic Sofitel Budapest Chain Bridge Hotel (“Hotel”), located in the heart of the Hungarian capital (“Transaction”).
The Transaction – encompassing, inter alia, a quota sale, related business transfer and the management back of the Hotel – is subject to the approval of the European Commission.
Jeantet Budapest’s M&A team, led by partner François d’Ornano and composed of Anna-Mária Veres and Blanka Börzsönyi acted as Accor’s legal advisor for the complex Transaction.
Notes to Editors
Jeantet is a leading French independent business law firm, delivering tailored, high value-added services, with a commitment to ethics and human values. Jeantet offices in Paris, Casablanca, Luxembourg, Geneva, Budapest, Kiev and Moscow have more than 150 lawyers, including 30 partners.
Jeantet opened offices in Budapest and Kiev in November 2015 and in Moscow in May 2016. The Budapest office assists its clients in Hungary, serving – at the same time – also as a regional hub for South East Europe, assisting clients in Romania, Serbia, Bulgaria, Slovakia and other countries in the region.
With solid market expertise, Jeantet offers exceptional legal, advisory and litigation expertise, combined with an entrepreneurial culture, to ensure the success of its clients.
Press contacts:
• Jeantet: Cécile Staub. Tel: +33 (0)1 45 05 80 08 – [email protected]
• OZINFOS: Xavier Roc.. Tel: +33 (0)1 42 85 47 27 – [email protected]