Hogan Lovells Advises Moor Park Funds in Hotel Deal
04 September 2014
London – Hogan Lovells has acted for Moor Park Real Estate Partners I LP Incorporated and Moor Park Real Estate Partners II LP Incorporated in Accor's purchase of 86 of their hotels in Germany and The Netherlands. The hotels have been operating under Accor's IBIS, IBIS Budget, Mercure and Novotel brands since they sold the hotels to Moor Park in 2007.
The deal covers the re-purchase of two hotel portfolios of 86 hotels in Europe, which Accor had previously sold and leased back to free up capital.
Hogan Lovells partner Johannes Buntjer led the team advising Moor Park. The team also included over 40 lawyers from the firm's Paris, London, Luxembourg, Munich and Amsterdam offices.
Commenting on the transaction, Johannes said:
"This is an important and strategic deal for Accor and Moor Park Funds involving some of the most well-known brands in the hotel industry. We are proud to have worked closely with Moor Park to achieve a successful outcome of this deal."