CMS advises Hotusa Group on refinancing of two Prague hotels through facilities provided by Oberbank AG branch Czech Republic
CMS has advised Hotusa Group on two separate financing transactions supporting the refinancing of the Aurea Legends and Exe City Park Praha hotels in Prague, through facilities provided by Oberbank AG branch Czech Republic.
Acting for the borrower group, CMS advised on all Czech law aspects of the transactions, including the negotiation and completion of the financing and security documentation. The refinancings support two well-established hotel properties operated within Hotusa Group's portfolio in the Czech Republic and further demonstrate continued lender appetite for quality hospitality assets in Prague.
The transactions involved the Aurea Legends, a premium lifestyle hotel located in the heart of Prague's historic centre near Wenceslas Square, and Exe City Park Praha, a three-star hotel situated opposite Prague's Main Railway Station, offering direct access to the city's commercial and tourist destinations. Both properties form part of Hotusa Group's extensive European hotel portfolio.
Headquartered in Spain, Hotusa Group is one of Europe's leading tourism and hospitality groups. Through its hotel, travel distribution and tourism businesses, the group operates internationally and is best known for its hotel division, Eurostars Hotel Company, which manages a portfolio of hotels across Europe, the Americas and other international markets.
The transactions build on CMS’s experience advising clients on hotel and hospitality-related financings, acquisitions, developments and real estate investments. Combining expertise from its Banking & Finance and Real Estate practices, CMS regularly supports hotel owners, operators, investors and lenders on complex transactions across the Czech and European market.
Petra Myšáková, Partner and Head of Banking & Finance at CMS Czech Republic, commented: "We are delighted to have supported Hotusa Group on these refinancing transactions. The mandates reflect the continued activity we are seeing in the hospitality sector and the importance of tailored financing solutions for hotel owners and operators. We thank Hotusa Group for its trust and look forward to continuing our cooperation."
The CMS team was led by Vladimír Zemaník under the supervision of Petra Myšáková and included Michal Václavík (Banking & Finance).
