Practice Areas - Real Estate Law Firms and Lawyers
Deal Date: | 27-08-2014 | Practice Area: | Real Estate |
Deal Title: | Far East Hospitality Purchase of European Hotel Portfolios | Industry: | Travel & Leisure |
Description: |
Ashurst advised Far East Hospitality Holdings Pte Ltd (Far East Hospitality), a subsidiary of Singapore-listed Far East Orchard Limited, on the acquisition of a 50% interest in a portfolio of property companies which own four hotel properties in Europe.
Together with its joint venture partner, Toga Group, Far East Hospitality jointly acquired interests in a portfolio of companies from Toga Accommodation Fund (TAF). In addition, Far East Hospitality purchased a 50% interest in a separate portfolio of companies from Toga Group. The four hotels are located in Berlin, Frankfurt, Copenhagen and Denmark.
Following the transactions, Far East Hospitality now owns and operates a combined portfolio of more than 13,000 rooms under its management across 80 hotels and serviced residences in eight countries - Australia, China, Denmark, Germany, Hungary, Malaysia, New Zealand and Singapore.
Ashurst fielded a multi-disciplinary team across four jurisdictions, led by Frankfurt real estate partner Peter Junghanel and Munich corporate partner, Lars Jessen.
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Financial Center: | Frankfurt | Value: | 0.00-0.00 |
Advised Party: | Purchaser | Law Firm | Ashurst |
Real Estate Jurisdiction | Germany | Purchaser Jurisdiction | Singapore |
Classification: |
Real Estate Acquisitions and Disposals Hotels |
Lawyer | Peter Junghanel |