Fellner Wratzfeld & Partner has advised Soravia on its acquisition of Austrian hotel group Loisium Holding.
The transaction was completed on December 2, 2022.
Soravia is a real estate developer in Austria and Germany. According to FWP, “Soravia supplements its core business with service companies in the areas of facility, property, and asset management, as well as investment management. In addition, Soravia holds stakes in the internationally renowned auction house Dorotheum, the rapidly expanding hotel group Ruby Hotels, and Loisium.”
According to the firm, “Soravia and mDrei are pooling their know-how and hospitality activities in Xenios Hospitality Holding with the goal of enhancing the development of the renowned Loisium brand and investing in more locations.”
Previously, FWP advised Soravia on its acquisition of a stake in Hospiz am Arlberg (as reported by CEE Legal Matters on March 8, 2022) and on its acquisition of Immo-Contract from the Volksbanken Group (as reported by CEE Legal Matters on July 6, 2021).
FWP’s team included Partners Markus Fellner and Lukas Flener, Attorney Peter Blaschke, and Associate Christoph Haberhauer.
FWP did not respond to our inquiry on the matter.