Arnold Bloch Leibler has advised leading Australian fund manager, Merricks Capital, on the sale of Melbourne Place Hotel, the recently opened boutique hotel located in the heart of Melbourne’s CBD.
Designed by renowned architectural firm Kennedy Nolan, the striking 14 storey, 191 room Hotel (including a rooftop and laneway bar and a high-end restaurant) has captured industry attention following its opening in December 2024.
The ABL team advising on the transaction was led by property and development partner Gia Cari with assistance from senior associate Ben Chahoud. Specialist advice in relation to lending and restructuring matters was provided by partners Damien Cuddihy and Justin Vaatstra and in relation to construction matters by partner John Mengolian and senior associate Ellie Mason.
Gia Cari commented on the sale: “We’re delighted to have assisted Merricks Capital on this significant transaction. The recent opening of the hotel and the subsequent sale are positive developments in the Melbourne commercial property sector. Congratulations to the team at Merricks”.
In Merricks Capital’s statement released earlier today, Adrian Redlich, Chief Investment Officer and the founder of Merricks Capital, said: “We are proud of the team involved in completing and opening the hotel. From a challenging start, we identified the right partners to work with us to develop this key portfolio investment and bring it to life”.
The sale is due to be completed in February, subject to the usual pre-conditions being satisfied.
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