Squire Patton Boggs’ Perth Real Estate team has advised M Group on its second deal with hotel operator Quest Apartment hotels.
M Group is an integrated property group focused on investment, development, construction and real estate. It developed and constructed the new apartment hotel, which will be run under the Quest brand on a 15-year leaseback arrangement. With the opening of the Quest Ascot, the hotel operator becomes the largest in Western Australia.
Last week’s ribbon-cutting ceremony saw the doors open on the brand new hotel, which is located between the Perth airport and the CBD. It is close to Crown Casino and the state-of-the-art Optus Stadium and well positioned to take advantage of local, interstate and international tourism, once the borders are reopened.
Squire Patton Boggs’ Real Estate partner Michael Swift was assisted by associate Isabella Mosole. The team previously advised M Group on its first project under the Quest banner, a hotel apartment complex in the northern suburbs satellite town of Joondalup.
Quest was advised by its in-house legal team.