find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Senior family lawyer - Melbourne
Category: Family Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Outstanding national firm · High-calibre family law team
View details
Hilton Hotel acquired, undergoes immediate rebrand

Hilton Hotel acquired, undergoes immediate rebrand

Champagne

Gadens Melbourne has advised UOL Group Limited on its acquisition of the five-star hotel, which has now been rebranded as part of the Pan Pacific portfolio.

Firm: Gadens Melbourne (UOL Group Limited); Undisclosed (Hilton Melbourne South Wharf)

Deal: UOL Group Limited (UOL Group) has acquired the Hilton Melbourne South Wharf.

Value: $230 million

Area: M&A

Key players: The legal team advising UOL Group was led by Gadens partner Andrew Kennedy and special counsel Clare Peacock.

Mr Kennedy and Ms Peacock were assisted by partners Jeremy Smith, Siobhan Mulcahy, Adam Howell, Dayna Thomas, John Darmanin, Jodie Dennis, Akshay Naidoo, Marion Cole, Harveen Dhaliwal and Philippa Gilkes.

Deal significance: The UOL Group is a Singapore-based and SGX-listed company.

Following completion of the acquisition of the Hilton Melbourne South Wharf, the five-star hotel has been rebranded as a Pan Pacific Hotel.

The hotel boasts 396 rooms and the acquisition is part of UOL Group’s plans to expand its hotel property portfolio and hotel management businesses in the region, adding to its existing PARKROYAL Melbourne Airport asset and other Pan Pacific and PARKROYAL sites across Australia.

According to Gadens partner Andrew Kennedy, the firm was engaged to undertake comprehensive due diligence investigations, negotiate the terms of the property and business asset sale agreement and attend to completion of the transaction.

Gadens also provided specialist advice in relation to regulatory and tax aspects of the transaction.

“We are pleased to have been able to assist UOL Group in expanding its hotel property portfolio and hotel management businesses in Australia,” Mr Kennedy said.

“UOL Group is one of Singapore’s leading publicly listed property companies with an extensive portfolio of development and investment properties, hotels and serviced suites. UOL Group has numerous hotels in Asia, Oceania and North America under the two renowned brands of ‘Pan Pacific’ and ‘PARKROYAL’.

“This was a fantastic transaction to work closely with UOL Group on, as it involved bringing together the wide range of skills and expertise that are available within Gadens in Melbourne. We look forward to working again with UOL Group in the future.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Hilton Hotel acquired, undergoes immediate rebrand
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...