Gide advises Angelo Gordon & EQ Group on the acquisition of 5 hotels from Gecina

A joint-venture between Angelo Gordon and EQ Group has finalised the acquisition of Gecina’s portfolio of hotels.

The portfolio, valued at EUR 181 million, consist of the walls and business assets of five hotels located in the Paris region, i.e. Paris, Boulogne-Billancourt, Bougival and Roissy.

The hotels are operated in management of franchise agreements, under Marriott and Intercontinental brands.

Partners Nadège Nguyen and Hugues Moreau advised the purchasers on this transaction, with a multi-disciplinary team comprising:

• Ghizlen Sari-Ali and Armelle Royer on corporate aspects,
• Sibylle Chomel de Varagnes and Lauriane Marache on real estate aspects,
• partner Rémi Tabbagh, Faten Anis and Maouel Annabi on the financing of the transaction,
• partner Foulques de Rostolan and Maxime Redon on employment law aspects,
• partner Franck Audran, Charles Terdjman and Mehdi El alem Champeaux on the management and franchise agreements.

Taj acted for the purchaser on the tax aspects of the transaction.

Clifford Chance and CMS Francis Lefebvre advised the sellers on legal and tax aspects respectively.