(September 8, 2011) Paul Hastings, a leading global law firm, announced today that it advised the purchaser, Leader Fortune Holdings Limited (Leader Fortune), in the entering of a Sale and Purchase Agreement with the subsidiaries of Kosmopolito Hotels International Limited (KHI) for the acquisition of Central Park Hotel in Hong Kong. The purchase is for a consideration of HK$515 million. Leader Fortune has an option to enter into a hotel management contract with Kosmopolito Hotels International Services Limited, a subsidiary of KHI, to manage the hotel after completion of the acquisition.
The Paul Hastings team was led by Hong Kong-based partner Vivian Lam
with support from Celia Chau
. Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.