Taylor Wessing advises Staycity on acquisition of Felix Group aparthotels

Taylor Wessing, under the leadership of Dr. Alexander Peinze (Partner, Commercial Real Estate, Hamburg) and Felipe Villena (Salary Partner, Corporate/M&A, Frankfurt am Main), advised the Irish Staycity Group on the acquisition of a 74.9 percent majority stake in the Felix Group from denkmalneu GmbH (DMN).

The Felix Group consists of three aparthotels in Vienna, Leipzig and Dresden. The two aparthotels in Leipzig and Dresden have a total of 388 rooms and will be rebranded as Staycity Aparthotels. The hotel in Vienna, with 130 apartments, is scheduled to open under Staycity's lifestyle brand “Wilde” in the second quarter of 2025.

With the acquisition of a majority stake in the Felix Group, Staycity Group is expanding its presence in continental Europe and entering the Austrian market.

Legal advisors to Staycity

Taylor Wessing Germany: Dr. Alexander Peinze (Partner, lead) and Nikoloz Alikhanashvili (Senior Associate, Commercial Real Estate, Hamburg); Felipe Villena (Salary Partner, lead), Sarah Katharina Sylvester (Associate) and Diana Groß (Associate, all Corporate/M&A , Frankfurt am Main); Kris Breudel LL.M. (Senior Associate, Environmental Planning & Regulatory, Berlin); Dr. Jan Kern (Partner, Employment, Pensions & Mobility, Hamburg); Dr. Thorsten Troge (Partner) and Franziska Ley (Associate, both Trademarks, Advertising & Design, Hamburg).

Taylor Wessing Austria: Mag. Peter Solt, LL.M. (Partner), Mag. Nebojsa Manojlovic (Senior Associate), both Real Estate; Mag. Allan Hahn (Partner), Mag. Vanessa Gerbasich (Associate), both Corporate/M&A; Mag. Sabine Meister (Partner, Environmental Planning & Regulatory).