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ZRVP Advises Ana Hotels on Athenee Palace Management Agreement with IHG Hotels & Resorts

ZRVP Advises Ana Hotels on Athenee Palace Management Agreement with IHG Hotels & Resorts

Romania
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Zamfirescu Racoti Vasile & Partners has advised Ana Hotels on a hotel management agreement with international group IHG Hotels & Resorts for the operation of the Athenee Palace hotel under the InterContinental Hotels & Resorts brand starting from 2023.

"The transaction is notable given that in recent years hotel management agreements have been rare in the local hotel market, which has been deeply affected by the restrictions imposed in the fight against the COVID-19 pandemic," ZRVP informed.

According to the firm, "the Athenee Palace Hotel has a 108-year history and is one of the historical and architectural symbols of Bucharest. Following the rebranding, it will become the only hotel in Romania operated under the InterContinental Hotels & Resorts brand."

The ZRVP team included Partners Crenguta Florea and Mihai Bajenaru.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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