Hogan Lovells advises the HR Group on the sale of three hotel properties to Pandox AB

Press releases | 01 July 2019

Led by Frankfurt partner Matthias Jaletzke, international law firm Hogan Lovells advised the HR Group on the sale of a hotel portfolio consisting of three hotels in Augsburg, Erfurt and Dortmund to Swedish Pandox AB, a leading owner of hotel real estate in Northern Europe. The transaction value amounts to approximately to 103 million Euros.

The HR Group, a large German hotel operator, will retain a minority stake in the hotels and will continue to operate them under long-term leases under the Dorint Hotels & Resorts brand.

The transaction was completed on 1st of July.

Hogan Lovells advised the HR Group on the preparation and negotiation of the transaction agreements as well as on all financial issues.

Hogan Lovells for HR Group

Dr. Matthias Jaletzke (Partner), Simon Theis (Associate), Alexandra Willm (Associate) (all Corporate/Private Equity, Frankfurt);

Dr. Katlen Blöcker (Partner), Dr. Maximilian Zembala (Senior Associate) (both Banking and Finance, Frankfurt).