Legal DealFolio - Far East Hospitality Purchase of European Hotel Portfolios

Ashurst advised Far East Hospitality Holdings Pte Ltd (Far East Hospitality), a subsidiary of Singapore-listed Far East Orchard Limited, on the acquisition of a 50% interest in a portfolio of property companies which own four hotel properties in Europe. Together with its joint venture partner, Toga Group, Far East Hospitality jointly acquired interests in a portfolio of companies from Toga Accommodation Fund (TAF). In addition, Far East Hospitality purchased a 50% interest in a separate portfolio of companies from Toga Group. The four hotels are located in Berlin, Frankfurt, Copenhagen and Denmark. Following the transactions, Far East Hospitality now owns and operates a combined portfolio of more than 13,000 rooms under its management across 80 hotels and serviced residences in eight countries - Australia, China, Denmark, Germany, Hungary, Malaysia, New Zealand and Singapore. Ashurst fielded a multi-disciplinary team across four jurisdictions, led by Frankfurt real estate partner Peter Junghanel and Munich corporate partner, Lars Jessen.

Deal Date:	27-08-2014	Practice Area:	Real Estate
Deal Title:	Far East Hospitality Purchase of European Hotel Portfolios	Industry:	Travel & Leisure
Description:	Ashurst advised Far East Hospitality Holdings Pte Ltd (Far East Hospitality), a subsidiary of Singapore-listed Far East Orchard Limited, on the acquisition of a 50% interest in a portfolio of property companies which own four hotel properties in Europe. Together with its joint venture partner, Toga Group, Far East Hospitality jointly acquired interests in a portfolio of companies from Toga Accommodation Fund (TAF). In addition, Far East Hospitality purchased a 50% interest in a separate portfolio of companies from Toga Group. The four hotels are located in Berlin, Frankfurt, Copenhagen and Denmark. Following the transactions, Far East Hospitality now owns and operates a combined portfolio of more than 13,000 rooms under its management across 80 hotels and serviced residences in eight countries - Australia, China, Denmark, Germany, Hungary, Malaysia, New Zealand and Singapore. Ashurst fielded a multi-disciplinary team across four jurisdictions, led by Frankfurt real estate partner Peter Junghanel and Munich corporate partner, Lars Jessen.
Financial Center:	Frankfurt	Value:	0.00-0.00
Advised Party:	Purchaser	Law Firm	Ashurst
Real Estate Jurisdiction	Germany	Purchaser Jurisdiction	Singapore
Classification:	Real Estate Acquisitions and Disposals Hotels	Lawyer	Peter Junghanel

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