Recent Transactions

Acquisition finance for purchase of the Cypria Maris, Cypria Bay and Laura hotels in Paphos

In March 2017, together with leading Israeli firm Shibolet & Co we acted for Phoenix Insurance Company Limited as security agent for the lenders to Fattal Hotels in a joint transaction with a subsidiary of Issta Lines, Israel’s largest tourist company, for the acquisition of the Cypria Maris, Cypria Bay and Laura hotels in Paphos for an aggregate amount of Euro 80 million.

We advised on all the Cyprus law aspects of the refinancing, securitisation and acquisition of the three companies which own the hotels, including comprehensive legal due diligence, real estate advice and security for the loans. Despite the complexity of the transaction, completion was achieved in less than four weeks.

GET IN TOUCH