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Schoenherr, Szecsenyi & Partners, Clifford Chance, and PRK Partners Advise on B&B Hotels Sale to Primonial REIM

Schoenherr, Szecsenyi & Partners, Clifford Chance, and PRK Partners Advise on B&B Hotels Sale to Primonial REIM

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Schoenherr and PRK Partners have advised B&B Hotels on the sale of properties in Hungary and the Czech Republic to Primonial REIM. Clifford Chance and Szecsenyi & Partners advised the buyers on the deal, which included a leaseback by B&B Hotels.

B&B Hotels is a budget hotel chain that was established in 1990 and operates more than 300 hotels across Europe and Brazil. Primonial REIM manages a real estate portfolio in several European countries consisting of offices, healthcare and educational buildings, shops, residential buildings, and hotels.

The Schoenherr team assisting B&B Hotels on the Hungarian part of the deal was led by Head of Real Estate Laszlo Krupl and included Counsel Daniel Gera and Associate Adrian Menczelesz.

The PRK Partners team advising B&B Hotels on the Czech part of the deal was led by Partner Roman Pecenka and included Senior Associate Kristyna Faltynkova and Tax Advisor Martin Svalbach.

Clifford Chance's Prague-based team coordinating the deal on behalf of Primonial REIM was led by Partner Emil Holub and included Counsel Aneta Disman, who worked on the Hungarian asset, and Counsel Milan Rakosnik, who worked on the Czech asset.

The Szecsenyi & Partners team working with Clifford Chance on the Hungarian part of the deal was led by Partner Daniel Kellner.

PRK Partners at a Glance

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com