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.
The legal, technological and organizational compliance offer