Hogan Lovells advises U City on the acquisition of Vienna House hotel portfolio
24 February 2017
Corporate Communications Manager Germany
+49 211 13 68 469
U City will take over 24 3 to 5 star ranked andel's, angelo and Vienna House branded hotels in Germany, Czech Republic, Poland and Romania.
8 hotels are acquired from the listed Warimpex Finanz- und Beteiligungs AG. The remaining hotels are taken over by U City indirectly through the acquisition of Vienna International Hotel Management AG from the two private foundations. Vienna International Hotel Management AG also serves as a management company for all these hotels, as well as further 12 third party owned hotels.
U City Public Company Limited was incorporated in 1988 to operate in the business of full-scale real estate development for rent, service, sale and administration. The Company was listed in the Stock Exchange of Thailand in 1993. U City's strategy is to acquire or develop recurring income properties near mass transit lines both locally and overseas.
"We are delighted to support U City on such a complex transaction and to advise them on their expansion onto the European market. This transaction is another success for our market leading hospitality practice", Nikolas Zirngibl said.
Hogan Lovells for U City Public Company Ltd.
Dr. Nikolas Zirngibl (Partner), Friederike Heesemann, Isabella Kling (Associates, Corporate/M&A);
Martin Günther (Partner), Sabrina Handke (Senior Associate), Matthias Garhammer, Thomas Böhm, Julia Obletter (Associates, Real Estate);
Dr. Christoph Wünschmann (Partner), Christian Ritz (Senior Associate, Antitrust);
Dr. Christian Herweg (Partner), Katharina Fürtjes (Associate, Banking).
Dr. Christian Zerr (Counsel, Hospitality);
Dr. Falk Loose (Counsel, Tax);
Dr. Martin Pflüger (Counsel), Dr. Marion Fischer (Senior Associate, IPMT).
Marc Werner (Partner), Verena Kilb (Associate, Hospitality);
Dr. Kerstin Neighbour (Partner), Sarah Islinger (Associate, Employment).
Dr. Falk Schöning (Partner, Antitrust).
Marek Wroniak (Partner), Michal Bialobrzeski, Aleksandra Sudak (Associates, Corporate);
Weronika Wolosiuk (Associate, IPMT).
Oxana Balayan (Partner), Olga Khachikyan (Associate, Corporate);
Svetlana Sorkina (Senior Associate, Real Estate).