Article - Novotel & Ibis Melbourne Central Hotel Sold for $170 Million - Legend Lands acquisition of the 472-room Novotel & ibis Melbourne Central represents the largest hotel transaction in Melbourne in over six years and highlights the confidence international capital has in Australias hotel sector outlook.
Tattarang’s Fiveight to Acquire Waldorf Astoria Sydney for AUD3.1 Billion, Nomura and Ken Corporation to Build 54-Storey Skyscraper next to Roppongi Hills, Holdmark Lodged Plans for a 59-storey Sydney Hotel Tower, Suzhou’s Mixed-use Development China Central Place to Debut with Two Marriott Properties, Lodgis Hospitality Expands Hotel Network with Hanhwa Group in Asia.
Fiveight, the property arm of the Forrests investment vehicle Tattarang, has acquired the planned high-end Waldorf Astoria hotel at Sydney s Circular Quay precinct.