CMS Bureau Francis Lefebvre today announces that it has advised a group of investors on the tax structuring of a real-estate investment transaction carried out by the companies Eternam and Paris Inn Group.
Paris Inn Group, a manager and investor in the hotel sector, and Eternam, a subsidiary of the Cyrus group which advises their large real-estate investors, have created a Club Deal comprising private investors, family offices and institutional investors. Paris Inn Group and Eternam raised €30m from these investor categories for their project to acquire full ownership of hotel properties. In parallel with this initial fund-raising, the newly created company acquired its first property, the 43-room Best Western Hotel France Europe, which has just been awarded 4**** status, as announced and expected at the due diligence stage.
The group of investors includes an institutional investor, Extendam (Bertrand Pulles, Jean-Marc Palhon and Matthieu Dracs) and Paris Inn Group with a stake of 10%.
The CMS Bureau Francis Lefebvre team involved in the transaction's tax structuring comprised Luc Jaillais, partner, and Florian Burnat and Sophie Delplancke, associates.
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