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PwC Legal Advises U City on Restructuring of Vienna House Diplomat Prague Hotel

PwC Legal Advises U City on Restructuring of Vienna House Diplomat Prague Hotel

Czech Republic
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PwC Legal has advised the U City Group on internal restructuring, involving the incorporation of hotels previously purchased by Vienna House into its portfolio and the restructuring of the Vienna House Diplomat Prague hotel.

U City is a Thailand real estate company with a total asset value of EUR 1.63 billion that is listed on the Bangkok Stock Exchange, and the Vienna House Diplomat Prague is a four-star hotel in the Czech capital with over 400 rooms.

According to PwC Legal, “the transaction included the spin-off of the entire hotel to a new entity. The newly created company, Recoop Tour a.s., will now manage the operation of the four-star hotel. The assets, including the real estate itself, were segregated to Vienna House Diplomat Prague RE s.r.o.”

The PwC Legal team included Senior Associate Daniel Pikal and Junior Associate Pavlina Krausova.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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