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KSB Advises J&T Bank on Financing CPI Property Group Hotel Portfolio Joint Venture

KSB Advises J&T Bank on Financing CPI Property Group Hotel Portfolio Joint Venture

Czech Republic
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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.

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