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GSK advises Art-Invest on the acquisition of the B&B-Hotel Portfolio

GSK Stockmann + Kollegen advised the Cologne based Art-Invest Real Estate Group on the acquisition of a portfolio of three existing hotels and three hotel project developments (Cologne, Weil am Rhein, Passau, Berlin, Mainz and Ludwigshafen) from French budget hotel group B&B Hotels. The Parties agreed not to disclose the transaction volume.

The six hotels offer a combined 689 rooms and will pass into Art-Invest Real Estate’s special fund of the Hotel-Manage to Core-Fund. The transaction was structured as a sale and leaseback transaction; upon finalisation of the project development all properties will be leased back by B&B HOTELS.

GSK Stockmann + Kollegen already advised Art-Invest Real Estate on the second transaction of the Hotel-Manage to Core-Fund in 2015. The services rendered in-cluded the acquisition as well as the financing and the leaseback by the seller B&B.

Adviser to Art-Invest Real Estate:
GSK Stockmann + Kollegen: Dr. Bernhard Laas (Lead Real Estate / Hospitality), Dr. Alma Franke (Finance), Sascha Zentis (Investment Law); Associates: Philipp Dawirs, Katrin Reisich (both Real Estate / Hospitality), Eva Linde, Kathrin Werner (both Public Law)

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Berhard Laas