LNT & Partners is honoured to have successfully acted as Vietnamese counsel for, and advised on, the acquisition of hotel portfolios in South East Asia, with a total value of US$106.1 million.

The hotel portfolios comprised prestigious properties, including the IBIS Saigon South and Capri by Fraser in District 7, Ho Chi Minh city, as well as Pullman Jakarta Central Park in Indonesia.

This deal coincides with the gradual recovery of the hospitality market from the Covid-19 pandemic.

Led by our Corporate/M&A Partner, Mr BUI Ngoc Hong, Senior Associate NGUYEN Quoc Bao, and Associate TRAN Phan Phuong Tri, we delivered practical and timely advice to navigate the complexities of Vietnam regulations in the property and hospitality sectors. In addition, we have assisted with first-time solutions to tactfully allocate the risks consequential from the pandemic on the hospitality industry, to help conclude the deal promptly and fairly.

We take this opportunity to showcase our expertise and experience in advising on the distinctive legal aspects of the property and hospitality sectors, especially in this sensitive time of the market. In addition, our team has also improved our proficiency in successful collaborations with top-tier counsels in other jurisdictions, to optimize the advantages for our clients in cross-border M&A transactions.

We extend our heartfelt appreciation and warmest congratulations to all parties involved, as well as the leading and collaborating advisors, for their significant efforts in this transaction.

Public release: Link