Noerr advises Nordic Hotels on sale of hotel portfolio to Louvre Hotels Group
Noerr has advised Nordic Hotels AG on the sale of its portfolio to the Louvre Hotels Group. Belonging to the Chinese tourism group Jin Jiang International Holdings Co. Ltd, Louvre Hotels takes over 25 hotels in eleven German cities.
With the acquisition of this portfolio, the Louvre Hotels Group doubles its presence in Germany. The hotels will be operated under the brand names Golden Tulip, Tulip Inn and Première Classe.
In this transaction, Nordic Hotels has relied on the advice from a Noerr team led by the Düsseldorf partner Gregor Barbers.
Advisors to Nordic Hotels AG: Noerr LLP
Gregor Barbers (lead, REIG/Real Estate), Dr. Maurice Séché (Corporate), Alexandra Otto (Employment, all Düsseldorf)
Ernst & Young Real Estate: Andreas Ewald