We are providing legal support for the unique project to adapt a historical building and federal monument in the centre of St. Petersburg as a luxury hotel. We provide our client, a subsidiary of Bank St. Petersburg PJSC, with legal services for structuring and concluding a set of contracts with Accor, one of the leading international hotel operators. The project is unique because, as part of adapting the building into a hotel, some of the space in the building will be turned into apartments to be sold to individuals. Accor will manage the apartments, the hotel and a bomb shelter that is located in the building. These features must be considered when working with Accor and present legal complications in structuring the client’s relationship with Accor. This is a one-of-a-kind project for Russia.
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