BERLIN – June 10, 2024 –Greenberg Traurig advised HR Group on the acquisition of 34 hotels from the Centro Group as part of a cross-border share deal. The parties have agreed not to disclose the purchase price.
The acquisition includes the takeover of 18 hotel companies in Germany, Austria, and the Netherlands, as well as the management platform in Hamburg. As a result, more than 2,800 hotel rooms will be transferred to HR Group's operations.
HR Group is a multi-brand hotel operating company with a focus on Central Europe. The Berlin-based company acquires, develops, and operates hotels and resorts and invests in the areas of digitalization and gastronomy. The group also acts as a partner for institutional investors.
Greenberg Traurig advised HR Group on all legal and tax aspects of the transaction process.
Background:
The Greenberg Traurig team regularly advises HR Group on transactions relating to hotel operations and portfolios.