DLA Piper with Redevco on the purchase of six hotels
DLA Piper has advised Dutch fund Redevco, one of Europe’s largest private real estate investment managers, on the acquisition of six hotel in Spain and Portugal with an estimated total investment of over €80 million. These assets, which are located in Bilbao, Seville, Malaga, Lisbon and Porto, will form the launch of the Next Gen Stays platform, whose objective will be to acquire assets in key locations to transform them into new boutique hotels.
The DLA Piper Spain team advising on the cross-border transaction, which was carried out in several phases, was led by Orson Alcocer, partner in charge of Real Estate, together with Alejandro Márquez, associate in this department, and Miguel Baz, partner in Tax, together with Alberto Lobato, associate in the Tax department. For the hotels located in Portugal, the team involved consisted of Real Estate partner Luís Filipe Carvalho, Paulo Anjo, senior associate, and Francisco Rodrigues, associate.
