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Strabag SE - acquisition of JW Marriott Bucharest Grand Hotel

In the summer of 2014 we advised Strabag SE, one of Europe's largest construction groups, on the acquisition of the one-third of the share capital it did not already own in Societatea Companiilor Hoteliere Grand SRL, a Romanian company which owns the JW Marriott Bucharest Grand Hotel. The hotel opened in November 2000 and is the largest in Bucharest.  The seller was Bank of Cyprus and the price was €95 million. Strabag has more than 73,000 employees and its activities span all areas of the construction industry and cover the entire construction value chain.