Frankfurt -- Paul Hastings, a leading global law firm, has advised INTERNOS Global Investors, a pan-European owner-managed real estate fund manager, on the acquisition of the NH Hotel Turin Santo Stefano from Immobiliare Galileo S.r.l. as part of its Hotel Real Value Plus “Value Add” mandate. The hotel is operated under a long-term lease containing fixed and variable rent components by the Spanish NH Hotel Group. The purchase price is partly financed by the issuance of an Italian bond listed at the Vienna Stock Exchange.
This 4* hotel has 125 rooms, a restaurant, bar, nine conference rooms and 43 parking spots.
The Paul Hastings team consisted of Frankfurt partners Jan Gernoth (Real Estate) and Edouard Lange (Banking & Finance), London partners David Ryland (Real Estate) and Ugo Giordano (Banking & Finance), Milan partner Paolo Manganelli (Corporate), Milan counsel Patrizio Braccioni (Tax), tax advisor Uwe Halbig and associates Hannes Riedel (Real Estate) and Denis Sattler (Banking & Finance) in Frankfurt, Sofia de Cristofaro (Corporate, London) and Simona Martuscelli (Corporate, Milan).