Area of focus

Hotels and Leisure

The booming hotels and leisure industry has never been more global. Or complex.

Representative experience

VICI on a number of transactions, including US$17.2bn acquisition of MGM Growth Properties LLC, creating America’s largest owner of experiential real estate;
US$350m mezz loan for the development of The Fontainebleau Las Vegas

MGM Growth Properties (MGP) on its joint venture between MGP and Blackstone to acquire the real estate assets of the MGM Grand and Mandalay Bay from MGM Resorts international and MGP for approximately US$4.6bn.

Park Hotels and Resorts on its US$2.7bn strategic acquisition of Chesapeake Lodging Trust, creating the second largest lodging REIT in the U.S.

RLJ Lodging Trust on its transformative merger with FelCor Lodging Trust, creating the third largest pure-play lodging REIT with a combined enterprise value of US$7bn.

Invesco Real Estate on its acquisition of the NH Collection Milano CityLife hotel from IGEFI Group, one of the leading real estate developers in Italy.

Intermediate Capital Group on the financing of NAOS Hotel Group entities for the acquisition of Airport Hotel shares and the financing of the construction of a Nice airport hotel to operate under the Sheraton brand.

Vienna House (Hotel management GmbH) on the sale of a hotel portfolio to the Vienna-based Kerbler Group. The portfolio includes the hotels Vienna House QF Dresden, Vienna House City Hamburg Wismar, Vienna Townhouse Berlin, Vienna House Easy Leipzig and the serviced apartment concept R.evo in Munich.

Fattal Hotel Group on its circa £1bn acquisition of the operating business and a long-term lease of four London Grange Hotels, from real estate investment firm Queensgate Investments.

Constellation Hotels on the acquisition of the InterContinental London Park Lane for £400m, the EUR350m acquisition and financing of Grand Hôtel in Paris (Opéra) operated by InterContinental, and the acquisition of two 5 star hotels in Italy.

KSL Capital Partners on its acquisition of a majority stake in Sereno Hotels, including the Villa Planiana resort at Lake Cuomo, Italy.

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