CMS has advised UBM Development AG and Lindorcenia on the sale of the Park Inn by Radisson Krakow Hotel to Union Investment, Institutional Property. Dentons advised Union Investment on the acquisition. The transaction is valued at approximately EUR 26 million.
Park Inn by Radisson Krakow opened in 2009 and is located south of the Vistula River, close to the city center, and in the immediate vicinity of the ICE Congress Center. The property includes 152 rooms, a breakfast and restaurant area, a gym, and five conference rooms, as well as 70 parking spaces in an underground car park. It is managed and branded by the Radisson Hotel Group.
The CMS team was led by Senior Associate Piotr Przybylski, supported by Lawyers Izabela Kultys, and Justyna Tokarzewska. The project was supervised by Partner Wojciech Koczara.
The Dentons team included Partner Pawel Debowski, Counsel Anna Garbula-Wegrzynowska, and Associate Katarzyna Lawinska.