Gide has advised specialist pan-European hotel investment and management business Algonquin Management Partners on its acquisition by Schroders. Established in 1998, Algonquin currently manages assets throughout Europe, representing over 7,500 hotel rooms and 1.8 billion euros' worth of assets. These hotels are primarily managed through Algonquin's own brands or internationally renowned franchises, including Sheraton, Marriott, Hyatt, Radisson and Sofitel. Once the acquisition is complete, current CEO of Algonquin Frédéric de Brem will be responsible for Schroders Real Estate Hotels. The financial conditions of the operation have not been disclosed.
Gide's team comprises partner Thomas Urlacher and associate Charles-Douglas Fuz on corporate aspects. Arago Avocats acted on tax aspects.
Schroders was advised by Allen & Overy.