08
Wed, Jul
55 New Articles

Kinstellar, Ashurst, Lakatos Koves & Partners, and Clifford Chance Advise on Hotel Group Bond Financing

Kinstellar, Ashurst, Lakatos Koves & Partners, and Clifford Chance Advise on Hotel Group Bond Financing

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Kinstellar and Ashurst have advised the Dedica Anthology hotel group, owned by Varde Partners, on a EUR 337 million bond financing related to its 2017 takeover of Italian hotel group Gruppo Buscolo. The debt provider, Blackstone Real Estate Debt Strategies, was advised by Lakatos, Koves & Partners, Clifford Chance's Milan office.

After completing its takeover of Gruppo Boscolo in April 2017, alternative investment firm Varde Partners re-branded the hotels to The Dedica Anthology throughout Italy, France, Hungary, and the Czech Republic. The purpose of the Blackstone bond financing was to refinance legacy loans and provide additional capital to invest in its estates

According to Kinstellar, “the transaction represents one of the largest bond issuances by an alternative debt provider in the Italian real estate market.”

The Kinstellar team was led by Partner Csilla Andreko and Counsel Martina Brezinova and included Senior Associates Zsuzsa Andreko and Pavla Krskova and Junior Associates Peter Benczik and Alice Radvanovska.

Lakatos Koves & Partners’ team consisted of Partner John Fenemore, Lawyer Balazs Rokob, and Trainee Lawyer Viktoria Tamas.

The Ashurst Milan team was led by Partner Mario Lisanti, assisted by Counsel Annalisa Santini, Senior Associate Gianluca Coggiola, Associate Anna Giulia Chiarugi, and Trainees Alessandro Generali and Martina Riva. The London team was led by Partner Jessica Jenner, supported by Senior Associate Sarah Winter and included also Partners Francis Kucera, James Coiley, and Malcolm Charles and Associates Sophia Bathgate and Jenny Wan. The Paris team was led by Partner Hassan Javanshir, supported by Senior Associate Thomas Ehrecke and included Partners Anne Reffay and Emmanuelle Pontnau-Faure, Senior Associate Isaure Sander, and Associate Solene Guyon. The New York team involved Partner Michael Neary and Counsel Matthew Haist.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

Firm's website.

Our Latest Issue