ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Sydney Hotel Sales Nearing $2 Billion In 2015

150604-sydney_620x380

Sydney is currently one of the most active hotel investment markets in the world with almost $1.9 billion of CBD hotel sales taking place in the past 5 months.

This level of transaction volume has been driven by a number of high profile deals including the 531-room Four Seasons Sydney selling to Mirae out of Korea for $340 million. This was shortly followed by the sale of the 436-room Sofitel Sydney Wentworth for just over $200 million to Frasers Centrepoint from Singapore in June 2014.

MORE READING: Westin Sydney Sells To Asian Joint Venture For $445.3m

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-hotel-sales-set-hit-2-billion