Hotel and Leisure

With the steady increase of tourism in our region, the hotel and leisure industry has enjoyed major growth in the last two decades. PRK Partners understands hotels, travel and tour companies, golf courses, resorts, restaurants and every other member of the leisure industry. We understand that these businesses and the regulatory framework in which they work are often complex. And we understand that the legal needs of business in this sector are varied. That’s why we have a multi-disciplinary team of experts in this sector that can advise on all relevant legal issues, including development projects , M&A , lease matters, land use and permitting , employment issues , financing and dispute resolution . Our real estate practice is particularly skilled in working with clients in this sector, having been a part of some of the biggest hotel and leisure projects in our region.

Notable Experience

  • Acted as counsel for the Czech subsidiaries of a major Austrian bank in connection with a EUR 75 million syndicated loan financing and operational leasing deal with an operator of premium (five and four stars) hotels in the Czech Republic.
  • Represented the Hilton hotel chain in a dispute resolution matter – The case was settled in favour of Hilton in arbitration proceedings, and could act as an important precedent for similar cases.
  • Acted as counsel to the Czech subsidiary of a major Austrian bank in connection with a CZK 450 million secured bridge loan for refinancing the purchase of a hotel building.
  • Provided complete labour law consultancy for a major hotel chain in relation to its Czech branch – This included negotiating a collective bargaining agreement, preparing employee contracts for foreigners, arranging visas and work permits and reorganising management.