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Wolf Theiss Advises on Acquisition of Bucharest Hotel Portfolio

Wolf Theiss Advises on Acquisition of Bucharest Hotel Portfolio

Romania
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Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management on the acquisition of an 86,000 square meter hotel complex in Bucharest. Firon Bar Nir advised the sellers.

The complex consists of the Radisson Blu and Park Inn Hotels and approximately 7,500 square meters of retail space. 

In addition to M&A assistance and real estate due diligence, Wolf Theiss assisted in financing and refinancing of the acquiring and the acquired companies' debt. The Wolf Theiss team was coordinated by Bucharest-based M&A Partner Ileana Glodeanu and Vienna-based Banking and Finance Council Leopold Hoeher. In addition, Bucharest-based Partner Ciprian Glodeanu, Senior Associate Mircea Ciocirlea, Counsel Claudia Chiper, and Associates Cristina Ion, Andreea Stan, George Ghitu, Iuliana Ungureanu, and Alexandru Asaftei contributed to the project.

The Firon Bar Nir team was coordinated by Ana Lavan and included Partner Ioana Mardare and Associates Ana Zagor, Sabrina Necula and Catalina Moisiu. Firon Bar Nir cooperated with Israeli advocate Marc Lavine.

Image Source: romania-insider.com

 

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). 

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