Sale of Renaissance Moscow Olympic Hotel

A complex transaction for sale of Renaissance Moscow Olympic Hotel, one of the biggest hotels in Moscow, has been closed recently. The AGP team of lawyers headed by Attorney-at-Law Dmitry Lubomudrov took part in the provision of legal support. Apart from sale of the owner and the operator of the hotel, the transaction, being one of the highest value transactions made in the Moscow real estate sector during this year, included assignment of rights to the financing provided by the former owner and involvement of the bank granting a secured credit facility. It is noteworthy that although the transaction involved a foreign element it was fully structured in accordance with Russian law. The team of AGP lawyers was head by Attorney-at-Law Dmitri Lubomudrov.