NEWS
Paul Hastings LLP Advises Amaala Company on Development of Ultra Luxury Wellness and Longevity Health Resort with World Renowned Clinique La Prairie
March 14, 2024
Paul Hastings LLP advised Amaala Company in connection with the company’s negotiation of hotel and residential agreements with world renowned spa-clinic leader Clinique La Prairie to develop an ultra-luxury longevity and wellness health resort at AMAALA on the Red Sea in Saudi Arabia. The 36,115 square-meter Clinique La Prairie Health Resort will feature 66 ultra-luxury suites as well as 13 branded residences, and focuses on four areas of wellness and longevity – medical care, nutrition, movement, and well-being. The property will also feature a diagnostics lab, museum, beach club, workshop, training rooms, private dining space and a cooking school.
Affiliates of the Private Investment Fund (PIF) of Saudi Arabia, Red Sea Global and Amaala Company are developing two multi-billion dollar luxury integrated hotel, resort, residential, food and beverage and entertainment mixed-use projects, including The Red Sea project, which will include approximately 50 luxury and lifestyle hotels and resorts and 1,000 private residences, and AMAALA, which will include approximately 25 ultra-luxury hotels and resorts and 900 private residences, both of which are located along the coast of the Red Sea in Saudi Arabia.
Paul Hastings LLP actively advises Red Sea Global and Amaala Company on both projects, including negotiating complex transactions with ultra-luxury, luxury and lifestyle hotel, resort, residential and wellness brands and providing general hospitality legal support.
Global Hospitality & Leisure of counsel Todd Fieldston led the Paul Hastings team, which also included Of Counsel Michael Bradford.
More details on the transaction can be found here.
About Paul Hastings
With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.
Practice Areas
Global Hospitality Business Enterprise
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Becca Hatton