find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Bakers and Ashurst advise on Citigate Perth Hotel sale

Bakers and Ashurst advise on Citigate Perth Hotel sale

Baker & McKenzie and Ashurst have advised on the acquisition of Citigate Perth Hotel.

Firms: Baker & McKenzie (Pacifica Partners, a joint venture of Host Hotels and Resorts and GIC Real Estate), Ashurst (vendor)

Deal: US-owned hospitality giant Host Hotels & Resorts acquires Perth Citigate Hotel with Singapore's GIC Real Estate

Area: M&A

Value: $61 million

Key players: Bakers partner Graeme Dickson led the team, supported by senior associates Sebastian Busa, Angela Cowan, Kerryn Kahler and Philip Gledson, as well as banking and finance partner Timothy O'Doherty.

Deal significance: Citigate Perth is a 272-room, four-star hotel located in the west end of the city centre. Bakers provided advice on financing the acquisition, FIRB application, and novation of the management agreement with Mirvac Hotels Pty Limited. According to industry analysts, there will be additional hotel acquisitions and hotel construction while the resources boom continues. Hotels can afford to charge top rates for rooms as business executives struggle to find accommodation in Perth.

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

Bakers and Ashurst advise on Citigate Perth Hotel sale
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Lawyers warn against mandatory sentencing measures amid political jeers
Mandatory sentencing has become a topic for politicians on both sides of Federal Parliament to jostl...
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'...
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...
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 & ...