Linklaters has advised Aberdeen Investments, acting for Irish Life Investment Managers, on the acquisition of a B&B Hotels property from Promobe and Nextensa.
The transaction values the asset at €37.4m and is the first acquisition of a B&B Hotels site in Luxembourg. The 150-room three-star hotel is located in the landmark mixed-use Cloche d’Or district. Developed and delivered in 2025, the property represents a core hospitality asset within this attractive district which combines tram and public transport connections, offices, a large shopping centre, medical facilities and extensive green spaces.
The international cross-practice Linklaters team advised on the acquisition of the hotel asset by way of a share purchase, including corporate governance, real estate and regulatory compliance, from initial phase through to closing.
