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CMS and DZP Advise on Sale of Sheraton Grand Krakow Hotel

CMS and DZP Advise on Sale of Sheraton Grand Krakow Hotel

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CMS has advised Invesco Real Estate on the EUR 70 million purchase of Wawel Holding Sp z o.o., the company owning the Sheraton Grand Krakow Hotel. DZP advised Algonquin, a pan-European hotel investor and operator, on the transaction, which closed on February 28, 2017.

CMS's work was coordinated by Partner Wojciech Szybkowski and Senior Associate Adriana Andrzejewska, working together with Associate Piotr Przybylski. CMS Partner Malgorzata Urbanska and Senior Associate Michal Derdak advised on antitrust clearance for the transaction. Senior Associate Konrad Werner was also involved.

DZP’s team was led by Partner Bartosz Marcinkowski and Senior Associate Marcin Kulinski, and included Partner Magdalena Skowronska, Tax Partner Joanna Wierzejska, and Associates Agata Izyk and Paulina Armada-Rudnik.

Image Source: sheraton.pl

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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