Schoenherr and PRK Partners have advised B&B Hotels on the sale of properties in Hungary and the Czech Republic to Primonial REIM. Clifford Chance and Szecsenyi & Partners advised the buyers on the deal, which included a leaseback by B&B Hotels.
B&B Hotels is a budget hotel chain that was established in 1990 and operates more than 300 hotels across Europe and Brazil. Primonial REIM manages a real estate portfolio in several European countries consisting of offices, healthcare and educational buildings, shops, residential buildings, and hotels.
The Schoenherr team assisting B&B Hotels on the Hungarian part of the deal was led by Head of Real Estate Laszlo Krupl and included Counsel Daniel Gera and Associate Adrian Menczelesz.
The PRK Partners team advising B&B Hotels on the Czech part of the deal was led by Partner Roman Pecenka and included Senior Associate Kristyna Faltynkova and Tax Advisor Martin Svalbach.
Clifford Chance's Prague-based team coordinating the deal on behalf of Primonial REIM was led by Partner Emil Holub and included Counsel Aneta Disman, who worked on the Hungarian asset, and Counsel Milan Rakosnik, who worked on the Czech asset.
The Szecsenyi & Partners team working with Clifford Chance on the Hungarian part of the deal was led by Partner Daniel Kellner.