Led by its partners Clemens Hasenauer (Lead Partner, Corporate/M&A) and Harald Stingl (Partner, Corporate/M&A), international law firm CHSH Cerha Hempel Spiegelfeld Hlawati advised U City Public Company Ltd. on the combined acquisition of Vienna House hotel portfolio from two Austrian private foundations and Warimpex Finanz- und Beteiligungs AG.
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 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 Group on such a complex transaction and to advise them successfully on their expansion onto the European market", Clemens Hasenauer said.
CHSH Cerha Hempel Spiegelfeld Hlawati for U City Public Company Ltd.
Vienna
Clemens Hasenauer (Lead Partner, Corporate/M&A), Harald Stingl (Partner, Corporate/M&A), Johannes Prinz (Partner, Corporate/Tax); Lorenz Pracht (Attorney, Corporate/M&A), Julia Berent, Ferdinand Guggenmos, Thomas Knirsch (Associates, Corporate/M&A);
Mark Krenn (Partner, Real Estate/Hospitality), Christoph Reiter (Attorney, Real Estate/Hospitality);
Christopher Peitsch (Attorney, Employment);
Stephanie Maier-Herbeck (Attorney, Data Protection);
Prague
Jan Moravek (Senior Associate, Corporate/M&A); Jiri Prouza (Associate, M&A/Real Estate);
Bratislava
Jozef Bannert (Partner, Corporate/M&A); Marek Hraska (Senior Associate, Corporate/M&A).
Bucharest
Mirela Nathanzon (Partner, Corporate/M&A), Zizi Popa (Partner, M&A/Real Estate),
Raul Andriuc (Senior Associate, Real Estate/M&A), Ana Maria Dumitrache (Senior Associate, Real Estate), Anda Nicoara (Senior Associate, Employment).
In Germany, Poland, Russia and Belgium, CHSH Cerha Hempel Spiegelfeld Hlawati collaborated with the international law firm Hogan Lovells acting as transaction lead counsel under the partners Nikolas Zirngibl and Martin Günther.