DER Touristik Group establishes joint venture with Deutsche Seereederei to consolidate 16 hotels

"Seitz advised DER Touristik Group (the tourism division of REWE Group) in the establishment of a joint venture with Deutsche Seereederei Group that has taken over the operation and marketing of 16 hotels and resorts across the A-ROSA, aja, Henri Hotels, Hotel Neptun and Hotel Louis C. Jacob brands. The JV operates through DR Hospitality GmbH & Co. KG; advice included cross-border due diligence and negotiation of the purchase and shareholders' agreements."

Seitz advised DER Touristik Group, the tourism division of REWE Group, in the establishment of a joint venture with Deutsche Seereederei Group. The joint venture has taken over the operation and marketing of 16 hotels and resorts belonging to the A-ROSA, aja, Henri Hotels, Hotel Neptun and Hotel Louis C. Jacob brands. The portfolio is managed by the newly established joint venture company DR Hospitality GmbH & Co. KG. The engagement encompassed a comprehensive, cross-national due diligence of the hotels and the establishment of the joint venture company. The work focused on the contractual negotiations relating to the acquisition of the shareholding and the governance of the joint venture. Seitz advised DER Touristik Group throughout the transaction, from structuring and negotiating the share purchase agreement and the shareholders' agreement to closing. Seitz represented client(s) DER Touristik Group (the tourism division of REWE Group) with a team composed by: Dr. Daniel Grewe, Dr. Jennifer Lynn Konrad, Dr. Stefan Glasmacher, Alina Häck-Olßon, Christoph Frey.

DER Touristik Group establishes joint venture with Deutsche Seereederei to consolidate 16 hotels

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