Hypo Alpe-Adria-Bank International AG (“HB Int.”) is the sole shareholder in Grand Hotel Lav d.o.o and Grand Marina Lav d.o.o. and intends to sell the assets or the shares of the companies in an open, transparent and non-discriminatory sales process. Grand Hotel Lav d.o.o and Grand Marina Lav d.o.o. own the Le Méridien Lav Hotel* and the adjoining resort and marina (totalling 4.4 Hectares), Split’s most prestigious and all-encompassing luxury hotel and resort, located on the coast approximately 8 km southeast of Split, Croatia (www. grandhotellav.com).
In this sales process Jones Lang LaSalle Hotels & Hospitality Group (“JLLH&H”) acts as the exclusive sales agent to HB Int. Expressions of interest for the participation in the sales process must be submitted to the contact person below by 5th April, 2013, 12:00 noon (CET).
HB Int. reserves the right to extend the deadline for submission of the expressions of interest, or to modify other deadlines of the sales process and/or to discontinue the sales process in whole or in part or to adjust the transaction structure at any time, subject to compliance with the principles of an open, transparent, unconditional and non-discriminatory sales process. The sole election criterion for the winning bid will be the submission of
the economically best offer.
Expressions of interest must be made in writing in English and include the name and address of the interested party. Expressions of interest on behalf of third parties (brokers and advisors) will be taken into consideration if they are written and provide adequate proof of representation. Expressions of interest must contain the names of the responsible person(s) who should be contacted in case of queries. After JLLH&H has received expressions of interest and after interested investors have executed a Non-Disclosure Agreement, interested investors will receive an information memorandum as well as further information on the sales process from JLLH&H.
*Disclaimer: “Le Méridien” or “Méridien” is the trademark of Starwood Hotels & Resorts Worldwide, Inc. (“Starwood”). Starwood operates the Le Méridien Lav Hotel and the adjoining resort under a management contract executed by Starwood and Grand Hotel Lav d.o.o. Hypo Alpe-Adria-Bank International AG does not imply that Starwood is endorsing, facilitating, or in any way participating in the sale of the shares or assets of Grand Hotel Lav d.o.o. and Grand Marina Lav d.o.o.
Contact Details:
Angus Wade | Executive Vice President
Jones Lang LaSalle | Hotels & Hospitality Group
30 Warwick Street, London W1B 5NH
e: angus.wade@eu.jll.com
t: +44 20 7399 5000 | f: +44 20 7399 5694
