Austria’s Binder Groesswang and Hungary's Lakatos, Koves and Partners have advised the Al Habtoor Group on its acquisition of the Hotel Imperial, a historic hotel on Vienna’s Ringstrasse, from the Starwood Group. Freshfields advised the Starwood Group on the deal. The signing took place on January 27, 2016, and the deal closed on February 15, 2016.
The Hotel Imperial Vienna was built as a private residence for the Prince of Wuerttemberg and transformed into a hotel for the 1873 World's Fair. Guests since that time have, according to Binder Groesswang, included "emperors, kings, statesmen, composers, writers, and famous actors."
The Al Habtoor Group, based in Dubai, is active in the fields of construction, hotel, automotive, real estate, education, and publishing.
The "core team” at Binder Groesswang consisted of Partners Michael Kutschera and Markus Uitz, and Associate Philipp Kapl. The transaction involved also involved Partner Christian Wimpissinger, Horst Lukanec, Lawyer Michael Pinggera, and Associates Sabine Apfl, Hanna Oberbichler, and Regina Kroell, as well as Michael Ebner, Mona Holzgruber, Oliver Loksa, and Quido Gero.
The Lakatos, Koves & Partners team consisted of Partner Attila Ungar and Counsel Ivan Solyom.
The Freshfields team consisted of Partner Thomas Zottl and Principal Associate Sandra Gutmann.
Image Source: assets.imperialvienna.com