Bird & Bird advises Dedica Group on its exit from franchise agreements required in connection with its sale to Covivio

10-2020

Bird & Bird’s team in London recently advised the Dedica Group, a luxury hotel group owned by Värde Partners, a leading global alternative investment firm, in connection with its exit from various international franchise agreements required in connection with the sale of the Dedica Group to Covivio, a European real estate operator.

The transaction included a portfolio of eight luxury hotels under The Dedica Anthology brand located in Rome, Nice, Budapest, Prague, Florence and Venice. The portfolio will now be operated under the brands NH Collection, NH Hotels and Anantara.

The core Bird & Bird team members are Karen Friebe and Peter Nicholson.