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Surry Hills boutique bought by luxury hotel group
Ashurst has advised the leisure and accommodation arm of GA Group Australia on its acquisition of a boutique hotel based in Sydney’s Surry Hills.
Emma Musgrave
Firms: Ashurst (Crystalbrook Collection Hotels and Resorts); Undisclosed (Little Albion)
Value: Undisclosed
Area: M&A
Key players: The Ashurst legal team was led by co-head of real estate in Australia, Pauline Tan, with assistance from senior associate Emmy Ko and lawyer Joy Yi.
Deal significance: Crystalbrook is the leisure and accommodation arm of GA Group Australia.
The Little Albion boutique hotel is described as being one of Australia’s newest boutique hotels. It was developed and designed by Paul Fischmann, who is the founder and owner of 8Hotels.
According to a statement from Ashurst, the Little Albion comprises 35 rooms, and is located in a Surry Hills heritage building. The building was constructed in 1903 as a school convent and was later transformed into a modern guest house.
This transaction by Crystalbrook adds to the group’s $400 million investment in three Cairns hotels. Its collection also includes a lodge in Queensland’s outback, as well as the Crystalbrook Superyacht Marina in Port Douglas.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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