CMS advised Invesco Real Estate, a global investment management firm, on the purchase of Wawel Holding Sp z o.o., the company owning the Sheraton Grand Kraków Hotel. The transaction closed on 28 February 2017 for a total value of EUR 70 million.
“The transaction was particularly interesting due to the significance of the Sheraton Grand Krakow Hotel for Krakow's hospitality market." said Wojciech Szybkowski and Adriana Andrzejewska from CMS.
CMS's work was coordinated by Wojciech Szybkowski, partner, and Adriana Andrzejewska, senior associate, working together with Piotr Przybylski, associate in the Real Estate Practice. Małgorzata Urbanska, partner, and Michal Derdak, senior associate, from the CMS Competition team, advised on antitrust clearance for the transaction. Konrad Werner, senior associate, from the Banking and Finance Practice was also involved in the project.