Deal: Salter Brothers’ acquisition includes Spicers Clovelly Estate, Spicers Tamarind Retreat and Spicers Peak Lodge in Queensland, Spicers Guesthouse and Spicers Vineyards Estate in the Hunter Valley, and Spicers Sangoma Retreat in the Blue Mountains, as well as the “Spicers” and the “Spicers Retreats” brands and ancillary businesses (including the “Private Collection by Spicers” business).

The acquisition is likely to be completed in the first quarter of 2023, MinterEllison said in a statement.

Area: Merger and acquisition 

Value: Undisclosed

Key players: The MinterEllison team was led by partners Joseph Pace and Alice Langham and included practitioners from the following teams within the firm: transactions, real estate, tax, funds, financing, IP and IT, privacy, litigation, workplace law, migration and insurance.

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Deal significance: Speaking about the transaction, Mr Pace said: “We’re delighted to be considered a trusted advisor to our loyal and longstanding client, Salter Brothers, as they continue to support and invest in Australia’s hospitality industry through the expansion of their existing portfolio of hotels.”

Ms Langham added: “Salter Brothers is currently the most active player in the Australian hotel market. With a focus on creating unique experiences for Australians, while prioritising sustainability and the environment, we’re pleased to see it go from strength to strength following a challenging few years for the sector.”