Wolf Theiss has advised Eurazeo Patrimoine on its acquisition of 85 hotels (operating under Ibis Budget, Ibis Styles, Mercure, Novotel, and Pulman brands) from AccorHotels and other investors. The sellers were advised by Doralt Seist Csoklich (DSC) on the transaction, which is worth more than half a billion euros. The hotels will join the newly created Grape Hospitality Group, a joint venture between Accor and Eurazeo.
Eurazeo Patrimoine is the real estate investment arm of Eurazeo, one of the leading European investment companies. Eurazeo is listed on the Euronext in Paris and has a diversified asset portfolio valued at more than five billion euros. Eurazeo is the core shareholder of well-known companies such as Desigual, Europcar and Moncler.
The Wolf Theiss team advising Eurazeo Patrimoine on the portions of the hotel portfolio located in Austria consisted of Partners Niklas Schmidt, Karl Binder, and Michael Lind, along with Senior Associates Eva Stadler and Matthias Schimka and Associates Cynthia Pfister, Felix Breitwieser, Markus Reinfeld, Iris Riepan, and Nikolaus Dinhof.
The DSC team advising Accor was led by Partner Wilfried Seist and Attorney Nina Huber.