Hogan Lovells advises ICG on the financing to the entities of the NAOS Hotel Group for the acquisition and construction of a hotel at Nice Airport to operate under the Sheraton brand

Press releases | 18 February 2022

Hogan Lovells advised Intermediate Capital Group (ICG) on the financing of NAOS Hotel Group entities for the acquisition of Airport Hotel shares and the financing of the construction of a Nice airport hotel to operate under the Sheraton brand.

ICG is a global alternative asset management firm in the areas of structured and private capital, private debt, real assets and credit. ICG focuses on providing capital to help companies grow in both private and public markets.

ICG Real Estate is ICG's real estate platform with $7 billion in assets under management, investing in both debt and equity real estate strategies.

The funds made available by ICG will be used to finance entities of the Naos Hotel group, which manages a portfolio of hotels on French territory in partnership with international brands.

The four-star hotel, under the Sheraton brand, will consist of 235 rooms. It is scheduled to open in spring 2022.

Hogan Lovells' Paris team consisted of Alexander Premont (partner), Sophie Lok (Counsel), Lorène Sani, Eléanor Cizeron and Florian Tambosco (associates) advising on the financing aspects of the transaction; Michaël Levy (partner) and Margot Derumaux (associate) on the real estate aspects of the transaction; Xenia Legendre (partner) and Maximilien Schmitt (associate) on the tax aspects of the transaction; and Paul Leroy (Counsel) on the corporate aspects.