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KSB Advises J&T Bank on Financing CPI Property Group Hotel Portfolio Joint Venture

KSB Advises J&T Bank on Financing CPI Property Group Hotel Portfolio Joint Venture

Czech Republic
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Kocian Solc Balastik has advised J&T Bank on the financing aspects of a joint venture between the CPI Property Group and Best Hotel Properties, which purchased a 50% stake in a EUR 347 million portfolio of eight hotel properties.

Best Hotel Properties manages, administers, and invests in hotels.

The CPI Property Group is an owner of income-generating real estate in Central and Eastern Europe.

J&T Banka has been offering services and consultancy since 1998, including multigenerational asset and succession management, investment advisory, securities trading, asset administration, and structuring.

According to KSB, "CPIPG has successfully sold a 50% stake in a subsidiary holding the portfolio, totaling approximately EUR 173 million, putting a total value on the portfolio of EUR 347 million."

The KSB team included Partner Martin Krejci, Counsel Ivo Prusa, and Associate Tomas Travnicek.

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

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