Hamilton Locke acted for Moelis Australia on the senior secured financing (comprising a cash advance term facility and a revolving facility) raised to fund the acquisition of the real estate freehold and operating business of the Beach Hotel, Byron Bay.
The Beach Hotel is an iconic beachside community and entertainment venue located in Byron Bay. The acquisition and financing successfully completed on 10 February 2020.
The team at Hamilton Locke was led by partner Zina Edwards and assisted by senior associate Lauren Cloete and lawyer Amelia Schubach.
Commenting on the transaction, Zina Edwards said: “it was a pleasure working with the Moelis team on a transaction involving such an iconic asset”.
About Hamilton Locke
Hamilton Locke is a multi-award winning full service corporate and commercial law firm covering M&A, property, banking, restructuring, fund establishment and litigation. With talent from some of the top law firms globally, we believe in the relentless pursuit of success for our clients and that is why we have grown an organisation of energised people, propelled by class leading technology, who are freed up from bureaucracy and administration to really focus on doing what they do best – solving complex client problems.