Clayton Utz acts in 2019's largest hotel portfolio acquisition in Australia yet

European investors snap up four hotels on the east coast

Clayton Utz acts in 2019's largest hotel portfolio acquisition in Australia yet

Clayton Utz has advised a European investment-management firm in what is the biggest yet hotel portfolio acquisition in Australia this year.

The leading firm advised AXA Investment Managers on its purchase of four Accor Hotels from the Abu Dhabi Investment Authority.

The $330m deal, AXA’s largest property investment in Australia since 2016, was completed on 25 February. The purchase includes three Accor hotels in Sydney’s Olympic Park, and one Accor hotel in Canberra.

Most Read

Andrew Steele, Clayton Utz real estate partner, headed the deal team. He was supported by teams led by partners Kathy Santikos (banking and financial services), Claire Smith (environment and planning), Abraham Ash (workplace relations and safety).

Specialist advice was also provided by Elizabeth Boden, real estate senior associate, and Keshni Maharaj, tax special counsel.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Ashurst snaps up PwC partner

Major firms act in Brisbane’s billion-dollar Queen’s Wharf project

Legal ops expert joins BarkerGilmore’s senior advisor team

Clayton Utz represents in $643m sale of Rialto Tower interest

Moulis Legal appoints new partner

Birmingham Law Society welcomes first Black president

Most Read Articles

Dentons’s Brisbane partners jump ship to Thomson Geer

Tax specialist makes partner at JWS

Ashurst snaps up PwC partner

Clayton Utz represents in $643m sale of Rialto Tower interest