Leading global law firm Baker McKenzie has advised Mövenpick Group ("Mövenpick") and Kingdom Holding Company ("Kingdom") on their sale of Mövenpick Hotels & Resorts to AccorHotels.
Mövenpick Hotels & Resorts is one of the world’s most reputable upscale hotel management companies with more than 20’000 rooms. It has plans to open an additional 42 hotels by 2021, adding a further 11,000 rooms to its portfolio.
The transaction is being concluded on the basis of an enterprise value for Mövenpick Hotel & Resorts of CHF 560 million and is subject to anti-trust approvals. Completion is expected to take place in the second half of 2018.
The Baker McKenzie team advising Mövenpick and Kingdom included expert lawyers in M&A, Real Estate, Intellectual Property and Tax and was led by Martin Furrer, supported by Pascal Richard, Alexander Wyss, Mario Kumschick, Manuel Meyer, Boris Wenger, Julia Schieber, Ramon Tissafi and Tilla Caveng.