Keri Watkins_Marcos Spanos

Baker McKenzie in Anantara The Palm Dubai Resort Acquisition

Global law firm Baker McKenzie has offered legal guidance in the acquisition of Anantara The Palm Dubai Resort, situated on the renowned Palm Jumeirah island in Dubai, UAE. The transaction encompassed the acquisition of both the land and business operations associated with the five-star luxury hotel resort, featuring the Anantara Spa, over-water villas, a private beach, and residences. 

Leading on the transaction, Keri Watkins, Partner and Co-Head of the Real Estate and Hospitality Practice Group in the Middle East, commented, “The acquisition of the Anantara The Palm Dubai Resort is yet another landmark transaction that underscores the strong investor appetite and commitment to the thriving hospitality sector in the UAE. Boasting of the Anantara Hotels and Resorts brand, the hotel resort is an iconic addition to our client’s portfolio, and we are proud to have played a pivotal role in this transaction.” 

Marcos Spanos, Corporate and M&A Partner at Baker McKenzie, further stated: “We are pleased to have advised on this high-profile hotel resort acquisition. This transaction further demonstrates the strength of our hospitality transactional practice in the Middle East, and we look forward to continuing to support our real estate and hospitality clients with their transactions in line with their growth plans.” 

The Baker McKenzie cross-practice team was led by partners Keri Watkins (pictured left) and Marcos Spanos (pictured right) and included lawyers from our Dubai, Bahrain and London offices, including: 

· M&A: Haya Massoud (senior associate, Dubai), Ololade Odunubi (associate, Dubai) and Neda Bahador (associate, Dubai) 

· Real Estate: Jack McCaw (senior associate, Dubai/London), Tessa Crawford (associate, Dubai) and Jana AlAfoo (junior associate, Dubai/Bahrain) 

This deal adds to the extensive list of real estate and hotel transactions on which Baker McKenzie advised on, including most recently advising on the sale of Nurai Island Hotel in Abu Dhabi, UAE.