Proskauer advised Accor on hotel management takeover in Brazil

Proskauer Rose advised French hotelier Accor on its agreement with BHG to takeover 26 hotels in Brazil. 

Accor, operating as AccorHotels, is a French multinational hotel group which operates in 95 countries. The company is headquartered in Paris and owns, operates and franchises about 4000 hotels across 19 brands. Its portfolio ranges from budget and economy lodgings to five-star hotels.

Brazil Hospitality Group (BHG) is the third largest hotel chain in Brazil and it owns and manages a portfolio of more than 50 hotels, of which 17 are prime locations in the economy, midscale, upscale and luxury segments.

Under the agreement with BHG and its shareholders (funds managed by GP Investments and GTIS Partners), AccorHotels will take over the management of 26 hotels currently owned or managed by BHG. The transaction, valued at R$200 million ($65 million) is expected to close in Q4 201

The Proskauer team was led by Jeffrey Horwitz, partner and co-head of the private equity real estate practice group at the firm.

Proskauer advised Accor on hotel management takeover in Brazil

Ignacio Abella

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram