ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Sydney Fund Manager Acquires Quest Rockingham

quest_620x380

Boutique funds manager Aligned Funds Management has made an off-market deal to purchase the Quest Rockingham for $22 million.

As reported in the Australian Financial Review, the hotel was acquired from the listed Diploma Group.

It is the fourth hotel acquisition since Aligned FM received a $250 million mandate to buy hotels in August. Including the Quest, Aligned now owns the Chifley Wollongong, Chifley Penrith and the Ibis Budget in Perth.

The hotel at 22 Flinders Lane, Rockingham, comprises 48 rooms, conference facilities, function rooms, gym, pool and 48 onsite parking bays.

Only recently opened, Aligned Executive Director Glen Boultwood told the AFR, "This property will fill a hole in the current hotel market, providing quality accommodation options in one of the state's most prominent regional locations.

ADVERTISEMENT
TOP STORIES
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://theurbandeveloper.com/articles/sydney-fund-manager-acquires-quest-rockingham-22-million