Developer Robert Brij to spend $120m turning Brighton s Savoy Hotel into luxury apartments afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Opened in the early 1990s after a warehouse renovation, the Adelphi and its glass-bottomed pool that juts out nine storeys above the street below, quickly became a popular destination for both tourists and local hipsters.
Craig Carracher and Stephen Gaitanos’ plans to enter the build-to-rent sector comes after government threw it support behind it with favourable tax changes.
The Palumbos are hoping to sell the Sofitel Adelaide for a premium as Singapore’s Ascott Residence Trust has a fresh go at selling its Australian hotel portfolio.