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A multi-disciplinary team of experts at DZP advised the French hotel firm Algonquin on the purchase of one of the most prestigious hotels in Poland – the Hotel Sheraton Kraków. Algonquin paid EUR 38 million for the Krakow hotel, which will continue to be managed under the Sheraton brand. This is the first hotel in Central Europe that the French firm has purchased.
DZP's assistance covered both legal and tax advisory. In the transaction the legal regimes of five countries had to be taken into account (Poland, Great Britain, Ireland, Switzerland and Belgium). Eleven law firms, four consulting firms and two banks took part in the negotiations.
The hotel, which is situated opposite Wawel castle, opened in 2004. It is one of the most luxurious hotels in Poland, with seven floors, 232 rooms, bars and restaurants and a conference and leisure centre.
The project was led by Bartosz Marcinkowski, Partner in the Corporate and M&A Practice and Magdalena Skowrońska, Partner in the Capital Markets and Financial Institutions Practice, with the team advising the client also comprising: Paulina Armada-Rudnik, Rafał Surowiec, Sylwia Kuca, Joanna Wierzejska, Head of Tax Practice, Krzysztof Dyba, Tomasz Kalicki, Marcin Kuliński and Krzysztof Strzęboszewski, Lech Żyżylewski, Head of Real Estate Practice and Anna Okła-Woźniak.
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: email@example.com.
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