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News
20.07.2021
The team consulted MA Investment sp. z o.o. on the acquisition of 100% shares in Baltic Wave sp. z o.o., the company conducting the investment process. In addition, the acquisition of Baltic Wave sp. z o.o. was combined with the issue of bonds to refinance the company’s existing debt. The new financing structure was adjusted to the current construction schedule and the hotel’s intended standard.
The law firm also advised on execution of the general contractor agreement with FB Antczak sp. z o.o., a company that has been acting as the general contractor since July.
The law firm’s team was made up of Piotr Smołuch, Managing Partner, Sebastian Sury (Partner), Edyta Krzepicka (Associate) and Arkadiusz Kocel (Associate).
“We are pleased to have participated in this complex investment process. We have been involved in it from the very beginning, so it is even more satisfying to see it come to life. The Baltic Wave Hotel is definitely a unique project in the Polish hospitality market and one of the largest in the coastline at the moment,” emphasizes Piotr Smołuch, Managing Partner at act BSWW legal & tax.
The luxurious five-star Baltic Wave Hotel, which is emerging under the Crowne Plaza brand just 200 meters from the beach in Kołobrzeg’s health resort district, will ultimately comprise 468 apartments on 14 floors. The hotel will have an infinity edge swimming pool, a luxurious spa & wellness area, restaurants and cafés, as well as modern conference space for 500 people. The hotel will operate in the self-service system.
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