The buying rush in the lead up to Christmas has continued this week with $1.4bn of transactions across 19 different deals recorded across the market. The largest...

Weekly Transaction Update – 8th December

Editor December 8, 2017 Comments Off on Weekly Transaction Update – 8th December

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CDL to acquire Sofitel Brisbane Central

City Developments Limited, through its wholly-owned hotel subsidiary Millennium & Copthorne Hotels Limited and in a 50:50 Joint Venture (JV) with its New Zealand-listed subsidiary Millennium & Copthorne Hotels New Zealand Limited, has agreed to acquire the Sofitel Brisbane Central hotel in Australia from Brookfield Asset Management at a purchase price of A$177.7 million, or A$427,000 per key.

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