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Orient makes express sale

Orient makes express sale

Baker & McKenzie and Clayton Utz have advised on the sale of the five-star Observatory Hotel in Sydney.

Firms: Baker & McKenzie (Orient-Express Hotels Ltd), Clayton Utz (purchaser)

Deal: Sale of the five-star Observatory Hotel in Sydney

Value: Confidential

Key players: Roy Melick  (pictured) led the Bakers team, supported by senior associates Sebastian Busa, Angela Cowan and Kerryn Kahler 

Deal significance: The sale follows Orient-Express' 2010 sale of Lilianfels Blue Mountains Resort & Spa on which Baker& McKenzie also advised. The purchase by Langham Hotels will make the Observatory their second hotel in Australia. The hotel is an elegant 96-room Georgian-style building, positioned in the heart of Sydney CBD. Orient-Express are owners or part-owners and managers of a portfolio of 46 luxury hotels, restaurants, tourist trains and river cruise properties spanning 23 countries.  The company is based in London.  

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Orient makes express sale
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