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