Covivio Hotels Société anonyme (ENXTPA:COVH) entered into a definitive agreement to acquire a portfolio of eight hotels Located in Rome, Florence, Venice, Nice, Prague and Budapest from Värde Partners, Inc. on December 31, 2019. Covivio’s investment totaled €573 million including capex. The hotels included under the transaction are Rome – Palazzo Naiadi, Nice – Plaza Nice, Budapest – New York Palace, Budapest – New York Residence, Prague – Carlo IV, Florence – Palazzo Gaddi, Venice – Grand Hotel Dei Dogi and Venice – Hotel Bellini. Upon closing, Covivio will have full ownership of the property portfolio, which will be operated under the brands NH Collection, NH Hotels and Anantara. In a related transaction, Covivio Hotels agreed to acquire a Hilton hotel in Dublin for €45.5 million. The transaction is subject to customary closing conditions and is expected to close in the first half of 2020. As on April 23, 2020, Completion of the transaction has been postponed to September 2020 amid the Covid-19. Alessandro Balp, Augusto Praloran, Andrea Silvestri, Luca Perfetti, Marco Maniscalco and Giovanni Guglielmetti of BonelliErede acted as legal advisor to Covivio in the transaction. Roberto Cappelli and Valentina Dragoni of Gianni Origoni Grippo Cappelli, Kinstellar, Allen & Overy and Pietro Piccone Ferrarotti of Ludovici Piccone & Partners acted as legal advisors to Varde. Thomas Page of CMS Cameron McKenna Nabarro Olswang LLP, Gabriella Ormai and Gábor Czike of CMS Cameron McKenna LLP, Lukáš Hejduk of CMS Cameron McKenna Nabarro, Caroline Froger-Michon, Aline Divo and Jean-Robert Bousquet of CMS Francis Lefebvre Avocats, Francesco Capasso, Italo de Feo, Fabrizio Spagnolo, Paolo Scarduelli and Marco Casasole of CMS Adonnino Ascoli & Cavasola Scamoni acted as legal advisor to NH Hotels. Michael Lagler, Clemens Rainer, Martin Kubánek, Viktor Pakosta, Kinga Hetényi, László Krüpl and Dániel Varga of Schoenherr acted as legal advisors to Covivio Hotels Société anonyme. Covivio Hotels Société anonyme (ENXTPA:COVH) completed the acquisition of portfolio of eight hotels Located in Rome, Florence, Venice, Nice, Prague and Budapest from Värde Partners, Inc. for approximately €490 million on September 7, 2020. The total consideration is of €573 million including €86 million capex and €248 million in Group share. Montero Ruano, Miguel Javier, Arturo Tuero Ojanguren of KPMG NH Hotels Group, who would be the operator.