DLA Piper advised Prague Prime Homes on the acquisition of the Grand Hotel Europa
1.06.2016Company: DLA Piper Prague LLP
DLA Piper Prague has advised the investment group Prague Prime Homes (owned by the Austrian Meinl Bank) on the acquisition of the famous Secession period Grand Hotel Europa on Prague's Wenceslas Square from the Czech businessman Václav Skala.
The transaction included the acquisition of a project for the reconstruction of the courtyard. During the due diligence review, the DLA Piper team examined building permits, archaeological surveys, intellectual property rights and heritage protection regulations. The hotel will undergo a thorough renovation, including the listed street facade.
