Artboard 1Icons/Ionic/Social/social-pinterest

Holding Redlich advises on two iconic Adelaide hotel acquisitions

09 December 19 - Media Release

National law firm Holding Redlich has acted for ASX-listed Elanor Investors Group on its acquisition of two iconic boutique hotels in the Adelaide CBD.

The acquisitions of the Mayfair Hotel and Adabco Boutique Hotel were completed on Thursday 5 December 2019.

The Holding Redlich team, led by partner Scott Alden (Projects and Major Transactions) and partner Cameron Sheather (Major Property Transactions) advised Elanor during the transaction through to its completion. 

The deal team also included Workplace Relations & Safety partner Louise Rumble, Property & Real Estate senior associate Vanessa Scrivener, Corporate & Commercial senior associate Georgia Milne, Projects associate Victoria Gordon, Property & Real Estate associate Phillip Minas, and Property & Projects lawyer Lauren Stables.

Key deal details:

Firm: Holding Redlich 

Deal: Acquisition of the Mayfair Hotel and Adabco Boutique Hotel by Australian investment and funds management business Elanor Investors Group.

Value: In excess of $100m

Area: Tourism and hospitality

Key players: Holding Redlich partners Scott Alden (Projects and Major Transactions) and Cameron Sheather (Major Property Transactions).

Deal significance: These two boutique South Australian hotels, both beautiful historic properties, are very well known in Adelaide. The transaction is part of Elanor Investors Group’s continued expansion into the hospitality and tourism sector.

Quote from lead partner Scott Alden about this deal:

“Holding Redlich drew on its experienced transactions team to cover all of the property, corporate, projects and workplace relations aspects and close a very successful deal for Elanor,” Scott said. “In addition to these properties, Holding Redlich is acting for Elanor on its restructuring of the world famous Cradle Mountain Lodge property.”
Share this

You might be interested in

08 January 2020 - In the News

Buying and selling rural property in Queensland

The sale of rural property is unique. There are a number of key provisions that are required which are not contemplated by standard REIQ contracts of sale that must be addressed before a contract is signed.

10 December 2019 - In the News

Is your casual farm worker now a permanent employee?

Casual workers can be a fantastic resource for farmers ready to reap a bountiful harvest, or complete laborious one-off tasks on a property. 

09 December 2019 - In the News

Elanor Investors Group acquires 2 boutique hotels

The Mayfair Hotel and Adabco Boutique Hotel have been acquired by Elanor Investors Group with assistance from Holding Redlich.