Kinstellar has acted as exclusive legal advisor in Bulgaria to the International Hotel Licensing Company S.A.R.L — a subsidiary of Marriott International Inc. — on the first management agreement for a Marriott hotel in Bulgaria.
Kinstellar describes the mandate as "a landmark transaction in the Bulgarian hotel market."
Kinstellar’s work included an analysis of the Bulgarian law aspects of Marriott’s management agreement package, advice on the specific local aspects of its implementation, and the real estate due diligence of the asset to be operated by Marriott. The firm's team included Managing Partner Diana Dimova, Counsel Antonia Mavrova, Of Counsel Dessislava Fessenko, Managing Associates Mladen Minev and Nina Tsifudina, and Associate Stiliyana Ivanova.
