Comment: More than ever before, this firm, which is highly recommended in real estate, profited from its years of experience in the hotel sector. The renowned Werner landed new clients from Germany and abroad. HL advised Asian real estate company U City on acquiring the Vienna House hotel portfolio. With the €100m sale of the Hyatt hotel in Düsseldorf, the firm worked on the largest single-asset hotel transaction of 2016. Cross-border hotel deals featured heavily in the increasingly close relationship between the German practice and the US. The practice boasts more partners than most others and thus a broad spectrum and was active in many mid-cap deals, but also high-volume portfolio transactions. HL stepped up its already intensive activity in plant construction and project development, e.g. with the rebuilding of corporate headquarters.
Strengths: Many years of experience in the entire spectrum of real estate advice, incl. various real estate classes, also construction.
Development potential: The broad spectrum still lacks a pronounced funds practice. Initial successes here show that there is potential to be tapped.
Recommended: Dr. Roland Bomhard (“very pleasant, incredibly friendly”, “very collegial, target-oriented”, competitors), Dr. Hinrich Thieme (“highly experienced, real estate expert”, competitor), Marc Werner (“excellent contacts in the hotel sector”, “very pleasant”, competitors), Dr. Dirk Debald (“very enterprising, pragmatic and collegial”, “skilled and upright negotiating partner”, “tenacious and precise”, competitors), Sabine Reimann (“very friendly and pleasant”, competitor).
Practice: Core fields include transactions, project development and plant construction, also bank lending and acquisition finance. Specialist hotel and offshore expertise. Also asset management. Respected notary office in Frankfurt; also investment law. (9 partners, 1 counsel, 17 associates, plus finance)
Clients: ?? Commerzbank on sale-and-lease-back of City Carré in Berlin; shareholder on sale of Hyatt Regency Hotel in Düsseldorf; Pierre & Vacances on sale-and-lease-back of new Center Parcs Allgäu.
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