Global law firm Norton Rose Fulbright has advised hotel company Fattal Hotel Group on a sale and leaseback transaction of its Leonardo Royal Berlin Alexanderplatz hotel to Art-Invest Real Estate.
The Federal Police’s former headquarters was completely renovated in 2009 and is now used as a central-Berlin hotel. It has an area of 18,500 m2, 346 rooms and 11 conference rooms. Leonardo Hotels will continue to operate the property under a new 25-year lease agreement.
Maren Stölting, real estate partner and Head of Norton Rose Fulbright’s Munich office, comments:
“We are proud of our longstanding relationship with the Fattal Hotel Group, and we are pleased to assist them with this forward-looking transaction.”
The Norton Rose Fulbright team was led by Dr. Maren Stölting (real estate, Munich). She was supported by partners Patrick Narr (real estate, Hamburg) and Dr. Uwe Eppler (tax, Hamburg) and associates Jürgen Schlinkmann, Matthias Kemnitzer (both real estate, Munich), Julia Gallinger and Patricia Machulla (both tax, Hamburg).
Fattal Hotel Group was legally represented in-house by Tamar Cohen, Group Legal Counsel, and Jana Schlimgen, legal counsel.