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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. 

March 25, 2019 • By Jerome Doraisamy
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Firm: Clayton Utz (AXA); unknown (Abu Dhabi Investment Authority). 

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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. 

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. 

 

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). 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. 

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