KhanLex advised Accor on establishment and management of Ibis Styles hotel in Ulaanbaatar, Mongolia.
The international-standard hotel will be built by MMC Polaris LLC and financed by IFC, a member of the World Bank Group. Accor Hotel will operate the hotel which will become the first Accor-managed hotel in Mongolia.
Accor is a France-based company which is one of the largest hotel operators in the world.
MMC Polaris LLC is a wholly-owned subsidiary of Mongol Micron Cashmere LLC, one of Mongolia’s leading cashmere processing businesses.
“We’re proud to have assisted Accor to establish presence in Mongolia’s booming tourism and hospitality industry” said Enkhbat Batsukh, a KhanLex partner who led the KhanLex team on this deal. “We look forward to assist Accor in expansion of its business in Mongolia“. Batjargal Gombosuren assisted on this transaction as part of the KhanLex team.