Kocian Solc Balastik has advised J&T Bank on the financing aspects of a joint venture between the CPI Property Group and Best Hotel Properties, which purchased a 50% stake in a EUR 347 million portfolio of eight hotel properties.
Best Hotel Properties manages, administers, and invests in hotels.
The CPI Property Group is an owner of income-generating real estate in Central and Eastern Europe.
J&T Banka has been offering services and consultancy since 1998, including multigenerational asset and succession management, investment advisory, securities trading, asset administration, and structuring.
According to KSB, "CPIPG has successfully sold a 50% stake in a subsidiary holding the portfolio, totaling approximately EUR 173 million, putting a total value on the portfolio of EUR 347 million."
The KSB team included Partner Martin Krejci, Counsel Ivo Prusa, and Associate Tomas Travnicek.
