BirișGoran advises Zeus International in the acquisition of three hotels in Bucharest
Bucharest, 26 March 2021. BirișGoran successfully represented its long-standing client, Zeus International, in the acquisition of three hotels portfolio in Bucharest, Romania.
The three properties are the Venezia, Opera and Central hotels, located around the Cișmigiu Gardens near the historic city center, in the heart of the cultural and commercial area.
BirișGoran’s team was led by Teodora Moțatu (M&A partner) and Mariana Signeanu (finance partner), assisted by Corina Celmare and Bogdan Nițulescu (corporate and finance associates).
Teodora Moțatu stated: “We are thrilled to have assisted Zeus International in a transaction that led to the growth of our client’s portfolio and its expansion in a very competitive market. It was a complex transaction with a tight timeline, involving various jurisdictions, and we are thankful for the confidence Zeus International has entrusted us”, with Mariana Signeanu adding that “The acquisition of this hotels portfolio, almost six years after assisting Zeus International enter the local market, is the living proof of the experience and maturity of our team and in our capacity to address and solve legal, commercial, banking or tax matters in a tight transactional setting.”
Haris Siganos, President and CEO of Zeus International stated “We are very proud for this acquisition that accelerates Zeus International strategic goal on portfolio growth and diversity. We express our thanks to BirișGoran and their M&A team for their assistance and high-level expertise associated to this major transaction proceedings and we remain confident that we will achieve the same record of success that we have so far enjoyed from our other projects.”
*Zeus International is a hotel management company, with a view to the future, creating hotels of unique aesthetics oriented to the highest standards of the visitor. With offices in Athens, Milan, Bucharest, Nicosia and Sofia, Zeus International has established itself as one of the leading hotel management companies in Greece and throughout Southern Europe with more than 3,500 rooms in 22 hotels in five different countries. Zeus International’s expansion will continue with additional hotels opening in 2021 and early 2022.