Denuo has advised Cosmos Hotel Group, a subsidiary of diversified publicly traded Russian investment company Sistema, on the EUR200 million acquisition of a 100% stake in a number of Russian companies owning ten hotels, the majority of which are operated by Radisson Hotel Group, in four Russian cities from Norway’s Wenaas Hotel Russia.
As a result of the transaction, Cosmos Hotel Group added to its portfolio six hotels in St Petersburg, two hotels in Moscow, one in Murmansk and another in Yekaterinburg.
The Denuo team was led by Constantine Lusignan, managing partner in Russia and the CIS, assisted by Real Estate legal director Anna Krutik and associate Alexandra Kuznetsova. Negotiations with the operator, Radisson Hotel Group, were coordinated by Pavel Elnikov, head of Hospitality.
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