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DZP advised a consortium of the private equity funds Benson Elliot Capital Management and Walton Street Capital and the leading hotel group Algonquin on obtaining financing from Bank Pekao SA to acquire the Sheraton hotel in Warsaw. The hotel was purchased on 28 October 2015.
The acquisition of the Sheraton in Warsaw was part of a transaction in which the consortium is to acquire 8 prestigious hotels in Europe of a total value of approx. EUR 420 million: Sheraton in Rome and Warsaw, Westin in Milan and Venice, Pullman in Paris, Méridien Grand Hotel in Nuremburg and Marriot Executive Apartments and Renaissance in Brussels.
Advice during the transaction was provided by lawyers from DZP’s Capital Markets and Financial Institutions Practice, Magdalena Skowrońska, Partner, Paulina Armada-Rudnik, Associate, and Anna Czerwińska, Associate.
This is the second time that DZP lawyers have advised on financing the acquisition of a Sheraton hotel. In 2013 the same team advised on financing the acquisition by the Algonquin hotel group of the Sheraton in Krakow.
From 25 May 2018 the General Data Protection Regulation (GDPR) applies in Poland and other European Union countries. We would therefore like to give you several details on the subject of how DZP processes personal data.
The administrator of the personal data is Domański Zakrzewski Palinka Sp.k. (“DZP”; address: Rondo ONZ 1, 00-124 Warszawa). Data are processed for contact purposes and to impart information on changes to provisions and authority practices and on other issues, including events concerning day-to-day legal, economic and cultural issues, inter alia, by sending DZP newsletters. The above is carried out on the basis of legitimate interests, i.e. in accordance with art. 6(1)(f) of the GDPR. Data can also be processed where necessary for the conclusion or performance of a contract and for compliance with a legal obligation to which DZP is subject, i.e. pursuant to art. 6(1)(b) and (c) of the GDPR. Data can be transferred to entities with whose help DZP achieves the indicated aims, including entities maintaining IT infrastructure. Giving data is voluntary and in contractual relations is a requirement for concluding and performing a contract. It is possible to object to data processing, request access to, rectification and erasure of personal data or restriction of processing and data portability. Data are kept until an objection is made, and in contractual relations – throughout the term of the contract and thereafter for a period specified in provisions on archiving and limitations period for claims. Anyone has the right to file a complaint with the President of the Personal Data Protection Office. Questions concerning privacy at DZP can be sent to DZP’s Data Protection Inspector, Macieja Maciejewskiego, at: firstname.lastname@example.org.
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