Firm: Squire Patton Boggs (Radisson Hotel Group); Holding Redlich (One Pro Investment Group)
Deal: Radisson Hotel Group has acquired the Imperial Hotel.
Key players: Squire Patton Boggs partner and head of the Asia-Pacific hospitality and leisure industry group Rahul Parrab led the team, with assistance from associate Kevin Lee and graduate Shaista Azam.
Deal significance: According to a statement from Squire Patton Boggs, this transaction marks the first Radisson Collection to arrive in the Asia-Pacific region and is poised for “a new generation of authentic, one-of-a-kind properties”.
The hotel, based in the Blue Mountains in NSW, will feature 60 rooms and is scheduled to open in 2023. It is owned by One Pro Investment Group, which purchased the hotel two years ago.
“This is an exciting project for Radisson and they have chosen a beautiful location in the Blue Mountains of New South Wales to introduce the Radisson Collection to Australia and the region. This project really is about revitalising the old and bringing in the new,” said Squire Patton Boggs partner Rahul Parrab.
Meanwhile, Katerina Giannouka, president at RHG Asia-Pacific, said: “The regional launch of the Radisson Collection, our newest brand, represents an important milestone in our Asia-Pacific expansion strategy.
“Blending history with contemporary style and intuitive hospitality, this storied hotel is destined to become a genuine local landmark, whilst also complementing our existing hotels in Australia. We look forward to creating a vibrant epicentre for visitors and the local community in the Blue Mountains. This will write a new chapter in the tale of this Australian icon.”