Successful Deals with PwC: G.A.T.E.S., Hôteliers & Restaurateurs SA, owner of the 4-star-Hotel Basel, sold to Gold Tree Group.

PwC’s Corporate Finance Real Estate team is pleased to announce the sale of G.A.T.E.S., Hôteliers & Restaurateurs SA (“GATES”), owner of the 4-star-Hotel Basel, to Gold Tree Group.

PwC acted as exclusive financial advisor to the shareholders of GATES in connection with the transaction.

The asset has been owned by G.A.T.E.S., Hôteliers & Restaurateurs SA by the Family Steiger for more than 20 years. The decision to sell the company was made as part of a succession plan. The property is managed by the long-standing operator, Hotel Basel AG, who have been running and operating the hotel since 2009. Gold Tree Group is an international investment company specializing in fixed income real estate in Europe. Esther Brühwiler, who has been the hotel's tenant and director for more than twelve years, will continue the cooperation with Gold Tree Group.