The deal represents the first ever hospitality portfolio transaction to take place in the Maldives.
With a powerful mix of technical expertise and industry experience we help players across this sector find the right balance of risk and reward.
From our long experience of advising clients around the world, we know that the hotel and hospitality industry is becoming both more sophisticated and more challenging. Having worked for (and against) major global brands, we understand the key legal and commercial concerns for the sector, including those that relate to restaurants, bars and nightclubs.
We advise on acquisitions and investments, management and franchise agreements, and sales of hotel and resort projects in jurisdictions throughout the world. Our clients include investors, developers, brands and property owners, franchisees, funders and consultants, with interests that span the asset class from provincial hotels in the UK, to serviced apartments in European cities, to luxury five star resorts in Asia.
Our multi‑disciplinary legal team draws on specialist experience from our colleagues in areas such as corporate, commercial, real estate, planning, construction, and finance to proactively offer relevant and timely advice. Through our depth of experience in the sector, we are expert in understanding what is ‘market’ and identifying specific concerns that might arise for interested parties.
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The enforcement of foreign court judgments in the UAE has always been notoriously difficult and uncertain. The recent directive issued by the UAE Ministry of Justice requiring the Dubai Courts to enforce English judgments is likely to increase collaboration between the English and UAE Courts.
The high-end resort is currently being renovated as part of an extension and renovation project with an initial budget of €20m.