Taylor Wessing has advised the Irish Staycity Group on acquiring a 74.9% majority stake in the Felix Group from Denkmalneu.
The Staycity Group is a collection of aparthotels established in 2004 by Tom Walsh, with its headquarters located in Dublin.
The Denkmalneu Group is a real estate agency that specializes in property development and converting existing properties.
According to Taylor Wessing, the Felix Group consists of three aparthotels located in Vienna, Leipzig, and Dresden. The two aparthotels in Leipzig and Dresden, totaling 388 rooms, will be rebranded as Staycity Aparthotels. The Vienna hotel, comprising 130 apartments, is scheduled to open under Staycity's lifestyle brand "Wilde" in the second quarter of 2025.
The Taylor Wessing team included Austria-based Partners Peter Solt, Allan Hahn, and Sabine Meister, Senior Associate Nebojsa Manojlovic, and Associate Vanessa Gerbasich as well as further team members in Hamburg, Frankfurt, and Berlin.
Taylor Wessing could not provide additional information on the matter.
