PPHE Hotel Group (“PPHE”), the London listed international hospitality real estate and management company, on the extension of its longstanding strategic partnership with Radisson Hotel Group (“RHG”).
Through the partnership, they will jointly develop a global portfolio of premium lifestyle art’otels in key gateway cities and capitalise on growth opportunities presented by PPHE’s current and future property portfolio.
art’otel is a growing collection of upper upscale lifestyle properties. Several iconic art’otels are scheduled to open in coming years, most notably art’otel London Battersea Power Station in 2022 (on which Taylor Wessing advised previously) and the £300m art’otel London Hoxton in 2024.
In addition to growing the art’otel portfolio, the companies have entered into a strategic development agreement for PPHE to further grow RHG’s portfolio of brands across Europe with opportunities identified in Croatia and Central and Eastern Europe.
The transaction was led by Taylor Wessing’s partner Richard Bursby (Picture) with close support from associates Jo Joyce, Maria Luchian and Magdalena Borucka in the Data Privacy and IP teams and IP partner Mark Owen.
Law Firms: Taylor Wessing;
Clients: PPHE Hotel Group;