HICAP ANZ Transaction of the Year award 2022-2023
Salter Brothers is thrilled to announce that we have been awarded Hotel Investment Conference Asia Pacific (HICAP ANZ) Transaction of the Year award 2022-2023 for the Spicers Retreats portfolio acquisition. This is the second year in a row we’ve won this award and we were also finalised for the Escarpment Group transaction.
HICAP ANZ honours the companies responsible for the most influential hotel industry deals. This transaction was not only one of the largest regional hotel portfolio transactions in Australia, it was also one of the most multifaceted; due to the vendors’ ownership structure, negotiation of third party management agreements, assets located across five regional councils within NSW and QLD and consent from the Queensland Government regarding the management of the Scenic Rim Walk. The transaction also required the rehiring of some 360 staff across the portfolio.
On behalf of the firm, we would like to thank Commonwealth Bank, our advisors MinterEllison, EY, Napier & Blakeley and Turner Family Office advisors McVay Real Estate, Luminis Partners and McCullough Robertson for assisting in the transaction.
Thank you to Raphael Antonini and Wesley Milsom for accepting the award on behalf of Salter Brothers.