Eversheds Sutherland advises Invesco Real Estate on Financing Leonardo Royal Hotel
10th July 2018
We have advised the global real estate investment manager Invesco Real Estate regarding the acquisition of a hotel building in Munich.
The seller of the Leonardo Royal Hotel was the Israeli hotel group Fattal Holdings. The purchasing price of the object located close to the Olympic Centre amounts to EUR 157 million.
The Leonardo Royal Hotel located at Moosacher Straße 90 has 424 rooms and was handed over to Fattal Holdings after its completion in 2011. With the purchase of a hotel portfolio of 13 hotels in Germany and the Netherlands, Invesco Real Estate completed – also with the support of Eversheds Sutherland – one of the largest transactions for institutional investors on the European hotel real estate market in 2017.
Invesco Real Estate is one of the leading real estate investment managers and belongs to Invesco Ltd with an international network in over 20 countries and managed assets of approximately USD 938 billion.
An integrated German and Luxembourg team headed by Thomas Ziegler (Partner, Real Estate, Munich) from Eversheds Sutherland advised Invesco Real Estate regarding its financing. Other team members were Jennifer Hock and Dr. Andrew Stanka (both Associates, Real Estate, Munich), Dr. Holger Holle (Partner, Corporate, Munich and Luxembourg) and Yasman Ekrami (Associate, Corporate, Luxembourg).
The Real Estate practice of Eversheds Sutherland regularly advises international clients on all aspects of real estate law. The most recent examples are Garbe Industrial Real Estate with regard to the acquisition and letting of a logistics centre near Aachen and a logistics area of Ikea in Werne, and Real I.S. regarding the acquisition of the commercial property Wien Westbahnhof A3 for three German pension funds as well as BayernLB on the financing of the acquisition of an office building in London.
For more information please contact Thomas Ziegler.