Leading international law firm Baker McKenzie has successfully advised Goldman Capital Investments LLC, on the sale of the Radisson Blu hotel in Dubai Media City, one of Dubai's premier media and business districts to Select Group, a Dubai-based, award-winning real estate development and investment firm.
Commenting on the transaction, Keri Watkins, Partner and Co-Head of the Real Estate and Hospitality Practice Group in the Middle East, said: “We are proud to begin 2025 with a landmark transaction which further underscores our deep expertise in the UAE's thriving hospitality sector. Over the years, we have represented major players in some of the most significant real estate and hospitality deals in the region, and we are delighted to have played a central role in this transaction."
Further, Marcos Spanos, Corporate and M&A Partner at Baker McKenzie, remarked: "We are pleased to have supported Goldman Capital with this important transaction for a premier property located in the heart of Media City. This sale highlights the thriving hospitality sector in the UAE, where investors are focusing on high-performing, prime assets in strategic locations in Dubai."
In addition, Rashid Al Mutawaa, Chairman of Goldman Capital Investments LLC, commented: "We are delighted to have worked with Baker McKenzie on this high-profile transaction. Baker McKenzie's Real Estate and Hospitality team brought invaluable legal and market expertise and knowledge to this transaction, which made the sale of this prime property smooth and efficient."
The transaction was managed by a cross-practice team led by Partners Keri Watkins and Marcos Spanos, with support from Haya Massoud (Senior Associate), Amir Ali (Senior Associate), Jana Al-Afoo (Associate), Anna George (Associate), Neda Bahador (Associate) and Mohammad AlZibdeh (Associate).
The deal is part of a long-standing track record of real estate and hospitality-related transactions for Baker McKenzie in the UAE and the wider Middle East. It further underscores the firm's leading position in real estate and hospitality transactions in the region, adding to the firm's recent advisory work, including its representation of Aldar Properties in the acquisition of a commercial office tower in the Dubai International Financial Centre from H&H Development.