Invesco Sells Hotel Portfolio
London – Paul Hastings LLP, a leading global law firm, announced that it has advised Invesco Real Estate on a series of transactions:
the sale of the Radisson Blu Hotel in Hamburg to Azure Hotels, which was one of the largest single asset hotel transactions in Germany in 2015
the sale of the Holiday Inn Hotel and the Indigo Hotel in Berlin to Azure Hotels
the sale of six hotels to Grape Hospitality Limited (a subsidiary of Eurazeo). The hotels comprise 1,347 rooms and are located in Germany, Italy, the Netherlands and Austria, operating under fixed and variable leases under the Novotel and Mercure brands
The first and second transactions completed in the final quarter of 2015 the final transaction completed on 22 June 2016.
The firm was particularly pleased to represent longstanding client Invesco on these significant transactions, which further showcase the firm’s global real estate presence and capability to advise on complex cross-border transactions across Europe.
The Paul Hastings team advising Invesco on the transactions included partners
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