Rigby Cooke Lawyers’ Corporate & Commercial group advised hotel investor and developer, Mazen Tabet and the Tabet Group, in the successful acquisition of the Lyall Hotel and Spa in South Yarra.
The Lyall Hotel and Spa is a boutique hotel located in the Melbourne inner-city suburb of South Yarra. The hotel is currently undergoing a complete re-design and refurbishment, including a transformation of the hotel’s 49 elegant rooms and suites, and expansion of the hotel’s restaurant and cocktail bar. The hotel will re-open in early 2023 and align with the opening of the luxury Royce Hotel.
Commenting on the recent acquisition, Mazen Tabet said:
“We are proud to pay homage to The Lyall Hotel’s founders, Rowina and Peter Thomas, and the unrivalled reputation they have developed for the property. The Royce management team will continue to offer the impeccable service and intimate setting the hotel is renowned for.”
As lead advisor to the Tabet Group on this significant commercial transaction, Bill Karvela — Managing Partner and Group Leader of Corporate & Commercial — said:
“Rigby Cooke Lawyers is very proud to be associated with the Tabet Group and its acquisition of the Lyall Hotel and Spa. This acquisition is a further step in the Tabet Group expanding its extensive hotel accommodation portfolio. The Lyall Hotel and Spa will complement the Royce Hotel with which we were also involved in, both at acquisition stage and construction stage. We look forward to continuing to work with the Tabet Group and its ongoing success.”
The acquisition of the Lyall Hotel and Spa follows the purchase and subsequent extensive renovation of the boutique luxury Royce Hotel located on St Kilda Road. Due to reopen on 1 February 2023, the Royce will offer 94 rooms and suites, along with new Showroom Bar and event spaces The Ballroom and The Conservatory. The Royce intends to bring the golden age of hospitality back to Melbourne, where service will be led with discretion, indulgence will be encouraged, and opulence will be expected.
Commenting further, Bill said:
“We are very proud to continue our association with the Tabet Group which started with the disposition of the Bundoora Hotel in 1999. Since that time, we have seen the Tabet Group portfolio grow exponentially through the acquisition of quality assets such as the Skyways Hotel, Lynbrook Hotel, Highlands Hotel and the Village Belle Hotel, just to name a few.”
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Stuart Giles
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T: 03 9321 7853
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