The Park Hyatt Melbourne is a landmark 245-room luxury hotel located in the city's parliamentary precinct. The transaction reflects continued investor confidence in the Australian hospitality sector, particularly in Melbourne, amid strengthening travel and event-driven demand.
MinterEllison assisted with all aspects of the transaction, including sale process structuring and advice, data room optimisation and bidder engagement, and negotiation of the transaction documents.
The MinterEllison team advising Fu Wah was led by Ben Liu (Partner, M&A / Capital Markets), Xiaomeng (Chris) Hu (Special Counsel, M&A / Capital Markets) and David Chin (Partner, Property), with support from Daniel Bell (Senior Associate, M&A / Capital Markets) and Crystal Pun (Associate, Property). Additional support was provided by various practice groups, including Tax, Financial Services and Funds, Banking and Finance, and Employment.
This transaction builds on MinterEllison's longstanding relationship with Fu Wah, having previously advised on the acquisition of Park Hyatt Melbourne in 2013.
Ben Liu, Partner at MinterEllison, comments: "We're proud to have supported Fu Wah on this landmark divestment. The sale of Park Hyatt Melbourne highlights the strength of the asset and continued investor appetite for premium hospitality opportunities in Australia. It also reflects our longstanding relationship with Fu Wah and our expertise in navigating complex cross-border transactions."
