Media Release: Clayton Utz congratulates MA Financial on its acquisition of Four Points by Sheraton Hotel in Melbourne's Docklands

The firm also congratulates Savills' Mark Durran and Nikola Sasic who brokered the transaction and achieved a successful outcome for all parties.

Built in 2018, the hotel has 273 guest rooms, conference rooms, a fully licensed ground floor bar, bistro and café, a gym, outdoor swimming pool and car spaces. MA Financial has agreed to appoint TFE Hotels to operate the hotel under its Vibe Hotels brand, with the hotel to be known as Vibe Docklands.

The acquisition seeds MA's new MA Accommodation Hotel Fund, which is an open-ended wholesale fund offering investors the opportunity to invest in the accommodation hotel sector. The fund will target high-quality accommodation hotel assets and provide investors with both a robust distribution income stream and a compelling total return profile.

The Clayton Utz team was led by Partner David Wilkie working alongside Lawyers Jordan Cheung and James Webb, as well as key support from Partners Jerome Martin and Lina Fischer, Senior Associates Kelly Taylor and Richard Siou, and Lawyer Andrew Gibbons.

Commenting on the transaction, David Wilkie said:

"We enjoyed working with Anthony O'Hea, Sachin Dhingra, Jalee Chen, Julien Maddern and Daniel Ezekiel on MA Financial's acquisition of the Four Points by Sheraton Hotel, particularly given it seeds the MA Accommodation Hotel Fund.

This is a strategic transaction for MA Financial. It's the first in a range of hotel properties they expect to acquire soon as the asset class creates a compelling opportunity for their business, expected to generate strong returns for fund investors.

With MA Financial's ambitions of growing its exposure in this asset class to over $1 billion, our team looks forward to offering continued support to the firm as it meets its goals."