International
Asia Pacific
EMEA
North America
Latin America
Many, if not most hotels in Australia are managed by foreign hotel managers such as Accor, InterContinental Hotels Group, Marriott, Hilton, Hyatt, Shangri-La, Langham, Ace, and The Standard. Their remuneration generally includes fees calculated by reference to hotel revenue and hotel profit. Branded residences, whilst common place overseas, having their roots in New York city in the 1920s, are only beginning to emerge in Australia.
Residences overseas carry such well-known brands as Four Seasons, The Ritz Carlton, Yoo inspired by Starck, St Regis, Trump, Fairmont, Yoo Studio, Rosewood, W, Mandarin Oriental, Banyan Tree, Aman, Six Senses, Address, Pininfarina, Waldorf Astoria, Hilton, Westin, Kempinski and Raffles.
In Australia, all of the current crop of brand owners are foreign (even Crown following the company's AUD 8.9 billion acquisition by global private equity behemoth Blackstone). The charge is being lead by the yet to be completed Mondrian (Accor's Ennismore) and 1 Hotels (SH Group) with at least two others in the pipeline.
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Samuel Mart, General Associate, has contributed to this legal update.
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