Dentons has advised CEE hotel group Orbis on the separation of its real estate ownership from its service business and the subsequent sale of its service business to the Accor hotel group. Weil advised Accor on the deal. Ellex Valiunas also provided unspecified advice to Orbis on the deal.
Accor will acquire Orbis’ entire service business consisting of assets, agreements, and any other rights related to its services to managed and franchised hotels. The transaction value will exceed PLN 1.2 billion (approximately EUR 282 million). Following the transaction, Accor will manage all hotels currently owned or leased by Orbis.
Earlier this year Dentons advised Orbis on Accord Hotels tender offers (as reported by CEE Legal Matters on January 25, 2019).
Dentons' Poland-based team included Partners Piotr Dulewicz, Jakub Celinski, and Cezary Przygodzki, Managing Counsel Dariusz Stolarek, Senior Associates Dagmara Cisowska and Magdalena Olszewska, and Associates Marcin Czajkowski and Robert Semczuk, while its Romania-based team included Partners Raul Mihu and Bogdan Papandopol, Senior Associates Argentina Rafail and Oana Ionascu, and Associate Andreea Lepadatu. Its Czech Republic-based team consisted of Partner Jan Prochazka, Honorary Member Petr Kotab, and Associate Kristyna Brezinova, and its team in Hungary included Partner Annamaria Csenterics and Associate Nora Jakab.
The Weil team included Partner Marcin Chylinskii, Counsel Ewa Bober, and Associates Filip Lesniak, Leszek Cyganiewicz, and Arkadiusz Karwala.
The Ellex team was led by Associate Partner Ruta Armone and included Counsel Gintaras Balcius, Associate Partner Jolanta Liukaityte – Stoniene, and Senior Associate Aleksandr Asovskij.