Clifford Chance
Clifford Chance advises Ares on European hotel portfolio recapitalisation
31 January 2025
- Alis Pay, Amye McArthur, Zain Farook, Madison Hughes, Sarah Thomas, Melissa Jones (née Sykes), Daniel Murray, Barry O'Shea, Jessica Lamb, Alice Benson, David F Saleh, Jemma Dick, , Vadim Romanoff, Kirsten Hunt, Ross Windell, Saskia Myners, Stefanie Ferring, Sascha Nolte, Frédérique Davister, Aubry Kocian, Liesbeth Buiter, Stephanie Proost, Herman Steinvoort, Bahar Sharif, Claudio Cerabolini, Sabrina Maltoni, Paolo Ballerini, Emil Holub, Milan Rákosník, Ondřej Dolenský, Tereza Boguská Řehořová, Alastair Windass, Alistair Green, Claudia Hall, Sean Wood
- London, Luxembourg, Amsterdam, Milan, Prague
Clifford Chance advises Ares on European hotel portfolio recapitalisation
Global law firm Clifford Chance has advised Ares Management Real Estate Secondaries funds (Ares) on its joint venture with Cedar Capital Partners and on the European Hotel Portfolio recapitalisation by the joint venture. The portfolio consists of five leading lifestyle hotels in European gateway cities and will be owned by Cedar Investment Partners III SCSp, a Cedar-managed fund.
In line with CBRE research, the significance of the acquisition is highlighted by the current position of hotel real estate as a core asset class for investors in Europe, as tourism demand has continued to increase, marked by steady growth.
The pan European, cross practice team was led by Co-Head of the Real Estate Sector Alis Pay, in London, supported by Senior Associates, Amye McArthur and Zain Farook and Associate Madison Hughes. The joint venture team comprised of Counsel Sarah Thomas, Senior Associate Melissa Jones and Associate Daniel Murray. The Finance team comprised Partner Barry O'Shea and included Jessica Lamb and Alice Benson.
Broader teams across the firm included, David Saleh, Jemma Dick, Rebecca Pereira, Vadim Romanoff, Kirsten Hunt and Ross Windell in the Tax team (all in London). Advice from Luxembourg was provided by Saskia Myners, Stefanie Ferring, Sascha Nolte, Frédérique Davister, Fanny Ceballosová, Ramona Willems, Aubry Kocian and Polina Rogozhina. The Amsterdam team included Liesbeth Buiter, Stephanie Proost, Liselotte Hommels, Herman Steinvoort and Bahar Sharif. The Milan team included Claudio Cerabolini, Sabrina Maltoni, Paolo Ballerini and Elia Brustia. The Prague team included Emil Holub, Milan Rákosník, Ondřej Dolenský and Tereza Řehořová. Other London based teams included Alastair Windass and Alistair Green in Employment, Claudia Hall advising on Data Protection and Information Technology and Sean Wood advising on Intellectual Property.
