INDUSTRY
Hospitality and Leisure
With the steady increase of tourism in the region, the hotel and leisure industry has seen major growth over the last two decades. We understand that hotels, travel and tour companies, golf courses, resorts, restaurants and other members of the leisure industry often have complex business models and operate within a complicated regulatory framework.
For this reason we have created a multi-disciplinary team of experts who advise on all relevant legal issues, including development projects, mergers and acquisitions, lease-related matters, land use and permissions, employment issues, financing and dispute resolution. Our Real Estate practice also works closely with clients in this sector, having been involved in some of the biggest hotel and leisure projects in the region.
References
We acted for Best Hotel Properties, a large publicly traded Slovak hotel property owner, in the purchase of one of the leading hotels in Prague – the InterContinental Hotel – and related companies.
We assisted Raiffeisenbank in connection with term and operating loans to a company owning two five-star hotels in the center of Prague.
We advised a company as arranger and another company as fiscal and paying agent in relation to notes issued by a Cypriot company that owns a luxury resort in the Maldives. The notes were issued as a private placement.
We represented FINANCIERE B&B Hotels, a French operator of a European hotel chain, in connection with the construction of its first hotel in the Czech Republic.
We assisted a major Austrian development company in the restructuring of a group of companies operating hotels.
