November 21, 2013 - Assignment

HHR Euro VC affiliate acquires site-leasehold to Sheraton property in Stockholm

An affiliate of HHR Euro CV has acquired the site-leasehold to the Sheraton Hotel Stockholm property for approximately EUR 102 million. The transaction was structured by way of the acquisition of the entire issued share capital of the holding company of the property.

HHR Euro CV’s affiliate is a part of Host Hotels & Resorts, Inc. (NYSE: HST), an S&P 500 and Fortune 500 company, a major lodging real estate investment trust (REIT) and owner of luxury and upper-upscale hotels.

HHR Euro CV’s affiliate was advised by Mannheimer Swartling and Slaughter and May working in an integrated team in the transaction. Mannheimer Swartling’s team was led by Klas Wennström and Tomas Johansson, and included Olle Källström, Mirjam Gordan and Arman Azad (Real Estate), Sofia Pedersen (Employment), and Thomas Pettersson, Veronica Stiller, Linda Olovsson, David Tayler, Viktor Nykvist and Viktor Leisnert (Banking and Finance). Slaughter and May’s team was led by Rebecca Cousin (Corporate) and John Nevin (Real Estate).