Sorainen has advised Lords LB Baltic Green Fund V on the acquisition of a Holiday Inn hotel in Vilnius from Valmeda.
According to the firm, the hotel has an area of more than 7,000 square meters located on Seimyniskiu Street, close to Vilnius Old Town.
"We are glad that the site purchased is in this exclusive area of the city," commented Lords LB Baltic Green Fund V Fund Manager Marius Junda. "Hotels located in the central part of the capital are easily accessible, and so they can serve not only business but also tourism clients."
The Sorainen team was led by Partner Ausra Mudenaite and Counsel Simonas Skukauskas and included Partner Saule Dagilyte, Senior Associates Vaiva Masidlauskiene, Julius Raskauskas, Gerda Skirbutiene, and Irma Kirklyte, Associates Sandra Aleksandraviciene and Povilas Uzkuraitis, and Assistant lawyer Lukrecija Urneviciite.