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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
Firm: Clayton Utz (AXA); unknown (Abu Dhabi Investment Authority).
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.
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 editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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