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DLA Piper advises St.George Bank on financing of six hotel acquisitions

01 Apr 2016

Global law firm DLA Piper has advised St.George Bank on the financing for the acquisition of six hotels and resorts across Australia, to the value of $100 million.

The Elanor Investors Group's new multi-asset managed Elanor Hospitality and Accommodation Fund acquired the six properties.

The properties included the iconic Peppers Cradle Mountain Lodge in Tasmania, Best Western Tall Trees ACT, and in NSW the Best Western Port Macquarie, Mantra Pavilion Wollongong, Mantra Wagga Wagga and Parklands Resort Mudgee.

Banking and finance partner Hugo Thistlewood led the team along with senior associate Sarsha Housham and solicitor John Flynn, with tax advice from senior associate Eddie Ahn, and real estate advice from partner Astrid Beemster and solicitor Daniel Dimock.

Hugo Thistlewood said: "We are pleased to have advised St.George Bank on this multiple hotel financing deal. Our team worked hard to ensure this deal was completed successfully in what was a fairly tight timeframe."

Matter Type
Banking & Finance - Capital Markets: Structured/Project Finance
Industry
Finance & Banking
News Category
Real Estate & Construction