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ATOZ advises Batipart
19/11/2019

ATOZ advises Batipart on the acquisition of six hotels and two office buildings in Luxembourg, representing more than 1,000 hotel rooms and 24,000m2 of office space

ATOZ is pleased to have advised Batipart on the strategic acquisition of six hotels in Luxembourg City, including Sofitel Luxembourg Europe and Le Grand Ducal, Novotel Suites as well as Novotel Kirchberg and City Centre. A sixth hotel, Mama Shelter, which is expected to open in 2020, has also been acquired in this transaction. In purchasing the hotels from the Luxembourg investment firm CMIL, Batipart has acquired 1,000 hotel rooms, a figure which represents around 20% of the total hotel capacity of Luxembourg City. ATOZ also advised Batipart on the acquisition of two office buildings in Kirchberg for a total floor space of 24,000m2.

About Batipart

Batipart, a family group founded by Charles Ruggieri in 1988, invests in and develops projects in the real estate, hotel and tourism sectors in Europe, Africa and North America. In Europe, the Batipart Group is present in 7 countries – Germany, Spain, France, Italy, Portugal, Switzerland and now Luxembourg – through management platforms based in Luxembourg, Paris, Toulouse, Madrid and Milan. The Ruggieri family has also founded the JUNICLAIR foundation, accredited in Luxembourg since 2013, supporting projects linked to education and environmental issues.

Related : Atoz Luxembourg

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