June 13, 2014 - Dentons Prague real estate team has advised Avestus Capital Partners (Avestus), a leading international private equity real estate group, on the sale of the Four Seasons Hotel in Prague to Northwood Investors (Northwood). Avestus has been the asset manager of the hotel since 2001 and is being retained in this role by Northwood.
Four Seasons is a luxury, 5 star hotel located in the city’s Old Town, close to Prague Castle and the Charles Bridge. It unites the styles of four architectural periods - baroque, classical and renaissance, all interconnected by a modern building.
Jiri Strzinek, Partner and Co-Head of Prague Real Estate Group led the team which included Counsel, Jennifer Foss, and associates. He commented: "We were thrilled to be part of this transaction for such a prime real estate asset as the Four Seasons Hotel. This was the third high-profile transaction in the hotel sector in Prague that Dentons was recently involved in – the others were the sale of the Kempinski and the Intercontinental hotels."
Avestus is a long-standing client of the Firm. In the past Dentons' Prague team advised Avestus on a number of transactions, most recently on the sale of its shares (together with AFI) in a company owning the prime shopping center Palác Flóra in Prague to Atrium European Real Estate Limited.
The Global Real Estate Group at Dentons, with nearly 600 professionals, is one of the largest dedicated global real estate teams among the world’s leading international law firms and is a market leader in Canada, the US, continental and Emerging Europe, the Middle East, Asia and Africa. Dentons Global Real Estate team offers specific, industry sector advice in Real Estate Development and Construction, Real Estate Finance, and Real Estate Investment.
Dentons is a global law firm driven to provide clients a competitive edge in an increasingly complex and interconnected world. A top 20 firm on the Acritas 2013 Global Elite Brand Index, Dentons is committed to challenging the status quo in delivering consistent and uncompromising quality in new and inventive ways. Dentons was formed by the combination of international law firm Salans LLP, Canadian law firm Fraser Milner Casgrain LLP (FMC) and international law firm SNR Denton. Dentons' clients now benefit from approximately 2,600 lawyers and professionals in more than 75 locations spanning 50-plus countries across Africa, Asia Pacific, Canada, Central Asia, Europe, the Middle East, Russia and the CIS, the UK and the US. The firm serves the local, regional and global needs of a broad spectrum of clients, including private and public corporations; governments and government agencies; small businesses and startups; entrepreneurs; and individuals.
D +420 236 082 207