According to the firm, this is Australia's biggest hotel transaction for 2025 thus far
MinterEllison has helped real estate developer and investment firm Fu Wah Group to divest Park Hyatt Melbourne in a deal the firm said was Australia’s biggest hotel transaction this year.
Thai hospitality group KS Hotels acquired the luxury hotel for over $200m after a competitive sale process. According to MinterEllison, the deal “reflects continued investor confidence in the Australian hospitality sector, particularly in Melbourne, amid strengthening travel and event-driven demand”.
The firm’s team provided sale process structuring and advice as well as data room optimisation and bidder engagement advice. It also negotiated the transaction documents.
M&A/capital markets partner Ben Liu led the team alongside special counsel Xiaomeng (Chris) Hu and property partner David Chin. They were supported by M&A/capital markets senior associate Daniel Bell and property associate Crystal Pun; the firm’s tax, financial services and funds, banking and finance, and employment groups pitched in as well.
In 2013, MinterEllison helped Fu Wah acquire Park Hyatt Melbourne.
