Bright Ruby A$442 million acquisition of the Hilton Sydney Hotel

5/5/2015

Private acquisition

Value:

A$ 442 million

Status:

Completed

Date:

5/5/2015

Overview:

Bright Ruby has acquired the Hilton Sydney Hotel for A$442 million.
The buyer, Bright Ruby, is a Singapore based conglomerate with operations in property, development, commodities trading and shipping that is backed by Chinese investors.
Chinese investments in the real estate sector in Australia made up to 45% of all investments for 2015.

Katrin Kostadinova - Data analyst

Jurisdiction:

Australia

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Australia

Industry sector:

Real estate

Firm:

Clayton Utz

Party: Bright Ruby (Acquirer)

Lawyers: David Wilkie, Kylie de Oliveira

Related deals