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ZRVP Advises Hagag Development Europe on Radisson RED Hotel Deal

Romania
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Zamfirescu Racoti Vasile & Partners has advised Hagag Development Europe on the execution of a hotel management agreement with Radisson Hotel Group for the operation of Romania’s first Radisson RED hotel, set to open in Bucharest.

Hagag Development is involved in the acquisition, development, and renovation of real estate properties and projects.

According to ZRVP, the transaction marks Hagag’s debut investment in the hospitality sector in the Romanian capital.

The ZRVP team included Partner Marina-Crenguta Florea.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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