09
Thu, Apr
73 New Articles

Dentons, Ellex, and Weil Advise on Orbis' Separation of Business and Sale to Accor Hotel Group

Dentons, Ellex, and Weil Advise on Orbis' Separation of Business and Sale to Accor Hotel Group

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Dentons has advised CEE hotel group Orbis on the separation of its real estate ownership from its service business and the subsequent sale of its service business to the Accor hotel group. Weil advised Accor on the deal. Ellex Valiunas also provided unspecified advice to Orbis on the deal.

Accor will acquire Orbis’ entire service business consisting of assets, agreements, and any other rights related to its services to managed and franchised hotels. The transaction value will exceed PLN 1.2 billion (approximately EUR 282 million). Following the transaction, Accor will manage all hotels currently owned or leased by Orbis. 

Earlier this year Dentons advised Orbis on Accord Hotels tender offers (as reported by CEE Legal Matters on January 25, 2019).

Dentons' Poland-based team included Partners Piotr Dulewicz, Jakub Celinski, and Cezary Przygodzki, Managing Counsel Dariusz Stolarek, Senior Associates Dagmara Cisowska and Magdalena Olszewska, and Associates Marcin Czajkowski and Robert Semczuk, while its Romania-based team included Partners Raul Mihu and Bogdan Papandopol, Senior Associates Argentina Rafail and Oana Ionascu, and Associate Andreea Lepadatu. Its Czech Republic-based team consisted of Partner Jan Prochazka, Honorary Member Petr Kotab, and Associate Kristyna Brezinova, and its team in Hungary included Partner Annamaria Csenterics and Associate Nora Jakab.

The Weil team included Partner Marcin Chylinskii, Counsel Ewa Bober, and Associates Filip Lesniak, Leszek Cyganiewicz, and Arkadiusz Karwala.

The Ellex team was led by Associate Partner Ruta Armone and included Counsel Gintaras Balcius, Associate Partner Jolanta Liukaityte – Stoniene, and Senior Associate Aleksandr Asovskij

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

Our Latest Issue