Gecina has announced the signing of an agreement to sell to Angelo Gordon its portfolio of hotels valued at EUR 181 million.
This portfolio consists of the real estate properties and operational businesses of five hotels located in the Paris region, i.e. Paris, Boulogne-Billancourt, Bougival and Roissy.
Subject to the completion of the employee information and consultation procedure, the transaction should be completed by the end of 2019.
Partners Nadège Nguyen and Hugues Moreau advised Angelo Gordon on this transaction, with a multi-disciplinary team comprising:
- Ghizlen Sari-Ali and Armelle Royer on corporate aspects,
- Sibylle Chomel de Varagnes on real estate and hospitality aspects,
- partner Bertrand Jouanneau and Foulques Delaporte on tax aspects,
- partner Foulques de Rostolan and Maxime Redon on employment law aspects.
Taj acted on tax aspects of the operation on behalf of the purchaser.
Clifford Chance and CMS Francis Lefebvre advised the sellers on legal and tax aspects respectively.