PRK Partners has advised Best Hotel Properties, a large publicly-traded hotel property owner, in its purchase of the InterContinental Hotel in Prague and related companies.
PRK Partners' advice included transnational tax and corporate structuring, a full review of assets, ownership and operation agreements and other related advisory services. The transaction was successfully completed at the end of 2013/beginning of 2014. The transaction was valued at several billions of Czech crowns.The transaction involved cross-border legal and tax issues, involving the Czech Republic, Luxembourg, Cyprus, the USA, and Slovakia.
