Asters advises the Black Sea Trade and Development Bank on financing for the construction of Novotel Hotel in Ukraine

Asters acted as a legal counsel to the Black Sea Trade and Development Bank in connection with its up to EUR 8 million financing to LLC Real Estate Development Centre for the construction of a four-star hotel in Lviv, Ukraine.

The loan will be used for the construction, equipping and commissioning of a 128-room hotel under the ‘Novotel’ brand, an international mid-range brand for business and leisure travellers.

Asters’ team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian, and senior associate Inna Bondarenko.

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