Jeantet advises Accor on purchase of five Budapest hotels

Awards

Leading French law firm Jeantet advised listed hotels group Orbis, a unit of French-owned AccorHotels, in a buyback transaction involving five hotels in downtown Budapest operating under Accor brands, from Erste Group Immorent Holding GmbH, said a press statement sent to the Budapest Business Journal. The aggregate price for the acquisition of the five hotels was EUR 64.3 million

The deal encompasses the Mercure Budapest Korona, Ibis Styles Budapest Center, Ibis Budapest City, Ibis Budapest Centrum, and Mercure Budapest Buda.

The Jeantet team, led by partner François d’Ornano, was composed of local partner Ioana Knoll-Tudor, Anna-Mária Veres and Blanka Börzsönyi. D’Ornano and his team joined Jeantet in 2015 after assisting clients in Southeast Europe at one of the leading French law firms for more than 15 years.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.