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J+Legal advises Staycity in the renogotiation of the promissory lease and development agreement of an aparthotel in Lisbon

09 de janeiro 2024

J+Legal, Real Estate Team advised Staycity in the renegotiation of the promissory lease and development agreement of an aparthotel in Lisbon owned by Catalyst Capital. The Diplomático Hotel will be totally refurbished and equipped by Catalyst Capital as per WILDE by Staycity design guidelines and will operate under the name “Wilde by Staycity”. The lease is for a 25 year initial period that can be extended for an additional 15 years at the sole discretion of Staycity. The negotiation of the turnkey promissory lease and development agreement which include all requirements needed to comply with WILDE by Staycity design guidelines was conducted by Filipa Arantes Pedroso and Constança Pinto Teixeira.