The Ritz Hotel, Limited has taken out an additional tranche of credit with major French international banking group, BNP Paribas, to add to its existing debt with the bank. The additional debt will enable the group to make investments and enhance the brand, including the reorganization of its portfolio.
The Reed Smith team that advised The Ritz Hotel, Limited was composed in Paris by partners Marianne Schaffner and associate Mathilde Lambert-Maillard who supported on intellectual property matters, as well as partner Jean-Pierre Collet and counsel Benoît Bernard who advised on tax aspects of the transaction.
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