Bankstown Rydges Hotel sold to the Laundy Group for $28m by Colliers
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Bankstown Rydges Hotel sold to the Laundy Group for $28m by Colliers
Sydney’s Rydges Bankstown sold to the Laundy Group for $28 million after an on-market campaign. The property was sold by Gus Moors, Karen Wales and Frank Oliveri of Colliers.
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Colliers HotelsSydney’s Rydges Bankstown sold to the Laundy Group for $28 million after an on-market campaign. The property was sold by Gus Moors, Karen Wales and Frank Oliveri of Colliers. -
Colliers HotelsSydney’s Rydges Bankstown sold to the Laundy Group for $28 million after an on-market campaign. The property was sold by Gus Moors, Karen Wales and Frank Oliveri of Colliers.
Sydney’s Rydges Bankstown sold to the Laundy Group for $28 million after an on-market campaign.
There was significant interest in the hotel despite the challenges of the recent Sydney lockdown. The Laundy Group owns the nearby Twin Willows hotel in Bass Hill and view this acquisition as an opportunity to expand their hospitality offering within the Canterbury-Bankstown region.
Rydges Bankstown has 120-rooms, restaurant, bar and conferencing facilities and on-grade parking for 150 cars. The property sits on a substantial 9,000 sqm site, which has flexible zoning to permit further development, which was viewed favourably by the Laundy Group.
The property was sold by Event Hotels and Resorts, who will retain the management of the hotel under the new owner
The property was sold by Gus Moors, Karen Wales and Frank Oliveri of Colliers.
To request a sales analysis please contact the selling agents via the below contact details.
