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TGS Baltic Advises on Hotel Development Investment in Romania

TGS Baltic Advises on Hotel Development Investment in Romania

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TGS Baltic has advised the four investors in Apex Holding Limited on shareholders' and investment agreements related to its indirect management of Romanian companies that will be developing a four-hotel complex in Bucharest.

The value of the investment project is EUR 85 million, and the construction of the hotel units is expected to be completed by 2022. The hotel complex will be managed on a franchise contract basis jointly with the largest international hotel chains, Marriot and Hilton Worldwide.

Apex Holding Limited, a company established in the Republic of Cyprus, is controlled by Agile Finance, Gemini Grupe, Invefina, and Appex Alliance invest.

TGS Baltic Associate Partner Aurimas Pauliukevicius and Partner Vidmantas Drizga advised on the conclusion of investment and shareholders’ agreements. Of Counsel Lauras Butkevicius represented the investors in obtaining concentration clearances in Lithuania, Latvia, and Poland. 

 

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