Linklaters has advised Patron Capital, a European private equity real estate fund, on the acquisition of the 5-star Sheraton Hotel in the center of Warsaw form Benson Elliot and Walton Street JV. Paul Hastings in London and WKB Wiercinski Kwiecinski Baehr in Warsaw advised the joint venture on the sale.
The hotel is one of four Sheraton hotels in Poland. The transaction closed on March 28, 2019 upon receipt of merger clearance from the European Commission.
Linklaters’ team was led by Managing Associate Adriana Andrzejewska, supported by Senior Associates Bartosz Guzinski and Tomasz Trystula and supervised by Partner Janusz Dzianachowski. The team also included Partner Malgorzata Szwaj, Managing Associate Marta Domino, Senior Associate Wojciech Podlasin, and Associate Barbara Wanat.
The WKB team assisting the Benson Elliot and Walton Street JV throughout the process, including in relation to what the firm calls "a significant pre-transactional restructuring (which involved, among other things, two cross-border merger processes of group companies where the acquiring entities were a Polish and a Dutch company, respectively)," consisted of Partners Jakub Jedrzejak, Ben Davey, and Anna Wyrzykowska, and Senior Associates Magdalena Piszewska, Adrian Michalak, and Krzysztof Wawrzyniak.
WKB was also involved as Polish legal counsel in relation to the initial acquisition of the Sheraton Warsaw by Benson Elliot and Walton Street JV in 2015.