CMS has advised the Hirmer Group on its acquisition of Travel Charme Hotels & Resorts, a resort and holiday hotel chain in Germany and Austria, from Zurich-based Travel Charme Hotels & Resorts AG.
The transaction involves the acquisition by the Hirmer Group of nine hotel operating companies on the Baltic Sea and in the Harz and Alpine regions, along with a service company located in Berlin which carries out central functions for all hotels belonging to Travel Charme Hotels & Resorts. The purchase price was not disclosed.
The Munich-based Hirmer Group is a family-run corporate group operating in the textile retail and real estate sectors. According to CMS, the acquisition of the Travel Charme Hotels & Resorts is aimed at achieving synergy effects across the entire business, particularly in the area of real estate project development.
The international CMS team was led by Leipzig-based Partner Jochen Lux and included Vienna-based Partner Gregor Famira.
CMS did not reply to an inquiry about the deal.