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Mayer Brown JSM advises on the US$938 million purchase of InterContinental Hong Kong

10 July 2015
Mayer Brown has advised Supreme Key Limited, a consortium of investors that are advised and managed by Gaw Capital Partners on the purchase of InterContinental Hong Kong (the Hotel), an iconic 5-star hotel in the Kowloon Peninsula, Hong Kong. It has also advised the Mandated Lead Arranger and Bookrunner, Union Overseas Bank on the financing of the same transaction, which is scheduled to complete in the second half of 2015.

Investors include a foreign investment corporation and Pioneer Global Group, a Hong Kong listed company. This is one of the largest hotel deals in recent years. In addition to advising on the acquisition of the Hotel premises, Mayer Brown has also advised the investors on the hotel operation and the negotiation of a 37 years plus hotel management agreement with the manager as well as the seller, the InterContinental Hotels & Resorts (IHG). IHG is listed in the London Stock Exchange and the New York Stock Exchange and is one of the biggest hotel groups in the world.

The transaction required complex legal solutions to address regulatory, compliance, corporate structuring and tax issues in the jurisdictions involved.

“We are proud to have played a part towards the signing of this landmark deal which will no doubt, lead to a long term and successful venture. This cross-practice and cross-jurisdiction transaction required strong collaboration from all members involved. I would like to sincerely thank our clients for their support and guidance as well as our team for their hard work,” said Ricky Yiu, the Mayer Brown Real Estate partner who led the transaction and was closely assisted by counsel, Eugene Wong.

The team also included Property Finance partner Wilson Wong, Employment & Benefits partners Duncan Abate and Hong Tran, Construction partner Menachem Hasofer, Insurance partner Tow Lu Lim in Hong Kong, Tax partners Sandy Bhogal in London and Pieter de Ridder in Singapore, and Government & Global Trade partner Simeon Kriesberg in Washington D.C. They were assisted by counsel Mabel Leung and associates Nicholas Cook, Elaine Yeung in Hong Kong and Benjamin Fryer and Alexander Goldsmith in London.

Media Contact

  • John D. Tuerck
    Director of Public Relations
    T +1 312 701 8280

Related Information

  • Related People
    Ricky C. W. Yiu
    T +852 2843 4553
    Eugene Y. C. Wong
    T +852 2843 2440
    Wilson Y. S. Wong
    T +852 2843 4254
    Duncan A. W. Abate
    T +852 2843 2203
    Hong Tran
    T +852 2843 4233
    Mark Uhrynuk
    T +852 2843 4307
    Menachem M. Hasofer
    T +852 2843 2384
    Tow Lu Lim
    T +852 2843 4490
    Pieter de Ridder
    T +65 6327 0250
    Mabel W. M. Leung
    T +852 2843 4492
    Ben Fryer
    T +44 20 3130 3552
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