Elanor Investors expands boutique hotel portfolio
ASX-listed Elanor Investors Group has been advised by Holding Redlich on two Adelaide hotel acquisitions located in the CBD.
Firm: Holding Redlich (Elanor Investors Group)
Deal: Elanor Investors Group has acquired the Mayfair Hotel and Adabco Boutique Hotel.
Value: In excess of $100 million
Key players: The Holding Redlich team was led by projects and major transactions partner Scott Alden and major property transactions partner Cameron Sheather.
The deal team also included workplace relations and safety partner Louise Rumble, property and real estate senior associate Vanessa Scrivener, corporate and commercial senior associate Georgia Milne, projects associate Victoria Gordon, property and real estate associate Phillip Minas, and property and projects lawyer Lauren Stables.
Deal significance: Elanor Investors Group is an Australian investment and funds management business.
The acquisitions of the Mayfair Hotel and Adabco Boutique Hotel are part of the group’s continued expansion into the hospitality and tourism sector.
“Holding Redlich drew on its experienced transactions team to cover all of the property, corporate, projects and workplace relations aspects and close a very successful deal for Elanor,” Mr Alden said.
“In addition to these properties, Holding Redlich is acting for Elanor on its restructuring of the world-famous Cradle Mountain Lodge property.”