AXA advised on acquisition of 4 UAE-owned hotels

European investment company AXA has been advised on its purchase of four Accor hotels from the Abu Dhabi Investment Authority for $330 million.

Jerome Doraisamy • 25 March 2019 • Big Law

Firm: Clayton Utz (AXA); unknown (Abu Dhabi Investment Authority).

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Lawyers Weekly. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Deal: CU advised AXA on its acquisition of four Accor hotels, three of which are in Sydney, with the fourth located in Canberra.

Value: $330 million.

Area: Real Estate.

Key players: The CU team was led by partner Andrew Steele, who was assisted by partners Kathy Santikos, Claire Smith and Abraham Ash, as well as their respective teams, and senior associate Elizabeth Boden and special counsel Keshni Maharaj.

VIEW ALL

Deal significance: The acquisition is the "most significant hotel portfolio transaction to date this year", CU said in a statement, and was completed in late February.

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it.

You need to be a member to post comments. Become a member for free today!

Lawyers Weekly - legal news for Australian lawyers

SECTIONS

MORE

AXA advised on acquisition of 4 UAE-owned hotels

Jerome Doraisamy

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

STAY CONNECTED