Linklaters advises Aberdeen Investments on acquisition of B&B Hotels property

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.

The Linklaters team was led in Luxembourg by Corporate Real Estate Counsel Anton Cox, with Consultant Hida Ozveren and Junior Associate Alexia Hervet. The team also included Luxembourg Litigation, Arbitration and Investigation Counsel Louis-Eudes Giroux and Junior Associate Marie Favier.

Commenting on the transaction, Corporate Real Estate Counsel Anton Cox said:
 

“This transaction is a significant benchmark in the Luxembourg hospitality and real estate market, combining a high-quality, sustainability-certified asset with a leading international investor. We are delighted to support Aberdeen Investments on this strategic transaction and to further strengthen Linklaters’ footprint in the Luxembourg real estate ecosystem, particularly in the dynamic Cloche d’Or district.”