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Jeantet Advises Accor-Pannonia Hotels on Sale of Sofitel Budapest Chain Bridge

Jeantet Advises Accor-Pannonia Hotels on Sale of Sofitel Budapest Chain Bridge

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Jeantet has advised Accor-Pannonia Hotels Zrt., a subsidiary of the Orbis Hotel Group, on the execution of a EUR 75 million sale and management back transaction with controlled subsidiaries of Starwood Capital Group regarding the iconic Sofitel Budapest Chain Bridge Hotel, located in the heart of the Hungarian capital.

The transaction, which encompasses, among other things, a quota sale, a 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 was led by Partner Francois d’Ornano and included Anna-Maria Veres and Blanka Borzsonyi.

This past summer Jeantet advised Accor-Pannonia Hotels on its EUR 42.25 million acquisition of the company holding the real estate on which the Sofitel Budapest Chain Bridge hotel is located from Universale International Realitaten (as reported by CEE Legal Matters on June 23, 2017). 

Image Source: sofitel.com

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

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Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

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The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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