Following completion of the transaction, the hotel will continue to be operated by Marriott International under a long-term management agreement with Dosfield Group, a Prague-based hotel investment and advisory firm operating across Central and Eastern Europe acting as the asset manager and strategic adviser.
Milan Rákosník, Partner at Clifford Chance Prague Association, added "Marriott is a remarkable property, and we’re proud to have supported J&T with its acquisition. It was a real pleasure to be part of the deal and see it through to a successful closing."
Prague Marriott Hotel, part of the international Marriott Hotels brand, is a landmark luxury hotel situated in the centre of Prague near the city’s historic Old Town Square. Since its opening in May 1999, the hotel has built a strong reputation for quality and service and has become a well-established asset in Prague’s hospitality market. With 416 rooms and suites, extensive conference and event facilities, and a range of dining and wellness amenities, the hotel is well equipped to cater to both business and leisure travellers, making it a versatile property for a wide range of stays and events.
The legal team advising on the transaction was led by partner Milan Rákosník and senior associate Ondřej Dolenský with strong support from junior associates Filip Crnčević and Šimon Pavlas. The team further included counsel Jan Dobrý and associate Filip Řehák, who advised on competition law aspects of the transaction.