Minister for Finance, Services and Property Dominic Perrottet announced a $300 million redevelopment for two iconic Sydney buildings by Pontiac Land Group into a 250 room hotel.
The Ambarvale Hotel in south-western Sydney has been sold to private hotel interests for $21.2 million in the latest sign of demand for pub investment opportunities.
Clifton Suites on Northbourne changes hands in off-market sale concluded by Mark Durran, Managing Director – Investment Sales, Australasia, JLL Hotels & Hospitality Group.