Gide Warsaw has advised B&B Hotels Polska on a cooperation agreement with Covivio and on the sale and leaseback of three hotels. Covivio was advised by Wardynski & Partners.
The transaction consists of the sale of hotels in Warsaw, Krakow ,and Lodz to Covivio, with B&B Hotels Polska continuing to operate the hotels under long-term lease agreements.
At the same time the parties concluded an agreement to cooperate on B&B Hotels' further expansion in Poland.
Since 2010, B&B Hotels and Covivio have been working together on major hotel projects in France, Spain, and Germany, with 157 hotels with a total capacity of 1,715 beds.
Gide's team consisted of Counsel Blazej Czwarnok, and Associates Rafal Osetek, Ewa Zbikowska, and Mateusz Rojek.
Wardynski's team included Partner Michal Glinski and Associates Barbara Majewska, Jakub Baranowski, and Mateusz Rydzewski.