Glimstedt has advised UAB Marina Nida on its entrance into a deal with Carlson Rezidor, a top international hotel operator, to open a five-star Radisson Blu Hotel & Spa Nida Marina on the Curonian Spit. The hotel will overlook the Curonian Lagoon and is expected to open its doors by the end of 2019.
Gintautas Bertasius, Board Member of UAB Marina Nida, said, "professional and effective service rendered by Glimstedt in negotiations with the one of the world's largest hotel companies has substantially contributed to the successful completion of the initial stage of this project." The firm continues to provide legal support to UAB Marina Nida on matters relating to the development of the hotel complex project.
The Glimstedt team was led by Partner Kestutis Jaskutelis and Senior Associate Eivydas Sadauskas.
According to Sadauskas, "taking into account the exceptional Carlson Rezidor Hotel competence on hotels operation activities, negotiations were represented by their internal lawyers."
Carlson Rezidor also recently concluded a similar hotel management contract with Lords LB Special Fund I, represented by Sorainen, relating to the opening and management of a Radisson RED hotel in Vilnius (as reported by CEE Legal Matters on October 12, 2016)