COBALT represents I Asset Management on entering into Design & Build Agreement for hotel development

Latvian entity of UAB I Asset Management Group and AS UPB have entered into the Design & Build Agreement on the construction of the 3-star hotel Hampton by Hilton next to Riga International Airport. The hotel will have 187 rooms with the scheduled opening in the first quarter of 2022.

COBALT provided legal advice to the Latvian entity of UAB I Asset Management Group in negotiation and entering of the Design & Build Agreement with AS UPB. COBALT team was led by the Managing Partner Dace Silava-Tomsone.