Hotels

Mulpha secures approval to develop a $200 million, 17-storey lifestyle hotel in Sussex Street, Sydney

Property and hospitality group Mulpha Australia has received development consent from City of Sydney Council to redevelop 355-357 Sussex Street, Sydney into a 17-storey lifestyle hotel, comprising 272 hotel rooms together with ground floor restaurant and bar facilities. Construction is expected to commence in the first half of 2024 with completion expected in mid-2026.

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Quest Hotel sold as interest rates stabilise

As transactional volumes in Brisbane’s hotel market continue to increase through 2023, a Queensland-based hotel group has just acquired the freehold interest in Quest Chermside.

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Sofitel Adelaide sold for $154million

Salter Brothers, one of the region’s most active hotel investors, has exchanged contracts to acquire the multi-award winning Sofitel Adelaide Hotel for approximately $154,000,000.

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