Paul Hastings Advising Leader Fortune in Acquisition of Central Park Hotel
(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.
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