Leading global law firm, Baker McKenzie has advised Blue Horizon Investors on its acquisition of a prime South Beach hotel in Miami. The acquisition price is in excess of $100m and is confidential. Blue Horizon intends to redevelop and transform this hotel into a luxury hotel.
The Blue Horizon Group is the independent private investment arm of a leading, multi-billion dollar single family office with a particular focus on real estate and private equity in Europe and the United States. Blue Horizon Advisors, a part of Blue Horizon Group, is a leading global investment advisory firm comprised of senior investment professionals with deep industry insight and a strong track record in financial markets, real estate, venture capital and private equity investments globally. The real estate arm is particularly focused on deploying and managing real estate assets in the major European, North American and Asian markets.
Commenting on this acquisition, Nabil Kobeissi, CEO of Blue Horizon Advisors said: "We have exciting plans for this property. It is to be re-developed to become a luxury hotel in South Beach Miami."
Prabhu Narasimhan, Head of the Alternative Capital Practice and relationship partner for Blue Horizon at Baker McKenzie, said: "We are proud to have advised Blue Horizon Group in relation to this acquisition. This transaction demonstrates the breadth and depth of our global real estate, M&A and tax capability in the US and Europe and showcases the multi-dimensional nature of our firm. We have all the transactional capabilities of BigLaw combined with the tax and structuring capability of Big Four firms - this is a combination that is unmatched in the global legal market. Personally, this transaction is extremely satisfying, as this is the first of 7 high value cross-border transactions I have undertaken since I and my team from White & Case joined Baker McKenzie 5 months ago."
The Baker McKenzie team advising Blue Horizon Group was led by London-based partner Prabhu Narasimhan with Chicago-based Real Estate partners Sarah H. Winston and Michael Smith supported by Miami-based tax partners Robert H. Moore and Michael Melrose, London-based Real Estate Partner Ben Farnell as well as Luxembourg-based tax leads Antonio Merino and Andrea Addamiano. They were ably supported by Associates Andriea Vamadevan (London), Matthew Legg (London), Cecilia Reategui (Miami), and Jayshree Narendran (New York).Nabil also said "I am delighted that we had Baker McKenzie by our side to guide us through this strategically important acquisition. Cross-border transactional capability is married effectively with multi-jurisdictional structuring and tax expertise at Baker McKenzie and that allows for seamless transaction execution."