11 June, 2019
Baker McKenzie's Sydney office has successfully acted for the BGC Group in relation to the recent sale of the Aloft Perth Hotel and an adjoining office building and The Westin Perth Hotel and an adjoining retail food precinct for a combined price in excess of AUD 300 million.
The Baker McKenzie team was led by Commercial Real Estate Partner Roy Melick capably supported by Senior Associate, Bethany Armstrong and Associate, Rebecca Tan.
The sale of The Westin Perth Hotel was the largest single hotel asset transaction in Australia in 2018 and also the largest ever hotel transaction in Perth.
Commenting on the two deals, Roy Melick said, "The logistics of running two significant deals at the same time involving two hotels together with an office building and a retail food precinct was challenging but very interesting. As with any complex transactions, matters arose which were effectively and efficiently resolved with the expert assistance of BGC's in house legal and operations team and their local legal advisors."
