KhanLex advised Accor on establishment and management of Novotel hotel in Ulaanbaatar, Mongolia.
The international-standard hotel was built by Khurd International LLC. Accor Hotel will operate the hotel based on a hotel management agreement and a hotel consultancy agreement.
Accor is a France-based company which is one of the largest hotel operators in the world.
The new hotel – Novotel Ulaanbaatar – is Accor’s second project in Mongolia. It has been operating Ibis Styles in Ulaanbaatar since 2014, which KhanLex advised on, too.
Khurd International LLC is one of Mongolia’s largest conglomerates with businesses ranging from construction development to trade to transportation.
“We’re very glad to continue assisting Accor in Mongolia – this is an honor to retain confidence of a world’s leading international hotel operator” 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, partner worked on this transaction as part of the KhanLex team.