Primus has advised Lithuanian company UAB Hekon on its EUR 8.7 million acquisition of a newly constructed Ibis hotel in Vilnius from Lithuanian construction company Merko.
Hekon is a subsidiary of Orbis S.A., which is part of hotel operator Accor Hotels, which Primus describes as "the world’s leading hotel operator." According to the firm, Accor "offers more than 20 brands of hotels that meet every type of need from luxury to economy, such as Sofitel, Pullman, Novotel, Mercure, ibis and others.” The group has more than 4000 hotels in 95 countries around the world.
The new Ibis hotel, which is scheduled to open this autumn, will be the first economy class hotel and first hotel with green BREEAM certification in Lithuania.
The Primus team included Managing Partner Robert Juodka, Partner Tomas Venckus, and Associates Jaroslav Pavlovskij and Greta Bagdanaviciute.
Primus informed CEE Legal Matters that it is unable to identify other parties from the transaction.
Image source: UAB "Merko" statyba