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.
A national U.S. lodging REIT in the negotiation of new hotel management agreements for four luxury/upper upscale hotels acquired in 2024 with aggregate purchase prices exceeding US$1.5bn.
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.
Five Star Development in developing the Ritz-Carlton Paradise Valley, the Palmeraie, including Ritz-Carlton Residences & Estate Homes and the adjacent Palmeraie luxury retail district.
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.
KSL Capital Partners on its acquisition of a majority stake in Sereno Hotels, including the Il Sereno and Villa Planiana resorts at Lake Cuomo, Italy and the Le Sereno resort in St. Barths.
Five Star Development on what, upon completion, will be the flagship Ritz-Carlton resort / branded residences in North America, and the development of an adjacent luxury retail / F&B district.
And in the negotiation of a US$585m construction loan refinance. *
LFF on the structuring and acquisition of a hotel portfolio across Europe.
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.
Two Publicly Traded National Lodging REITs on various matters including guiding their negotiations with hotel franchisors, brand managers and independent management companies, and with respect to conversions from brand managed to franchised hotels. *
Ivanhoe Cambridge on the disposal of 18 hotels across Europe to Apollo European Principal Finance Fund II, L.P.
The Leopard Group and Fattal Hotels on the sale and leaseback of a Pan-European portfolio of 18 hotels to Swedish investor Pandox for a total consideration of €400m.
Alcion Ventures/Bald Mountain Development in the venture and management structuring for the Four Seasons Resort in Calistoga, Napa Valley California.