Descriptif

JLL Hotels & Hospitality Group is pleased to announce the Four Points by Sheraton Sydney, Central Park has been sold to Singapore-based Hoi Hup Realty Pte Ltd ("Hoi Hup") for $201.8 million, marking the first time the group has entered the Australian property market.

Having opened in 2018, Four Points by Sheraton Sydney, Central Park features 309 guest rooms including 45 suites, together with a recently renovated bar and restaurant, fitness centre, 44 dedicated car parking spaces and 270 sqm of conference and meeting space.

JLL's Hotels & Hospitality sourced the successful buyer and negotiated the transaction following a highly competitive bidding process, which underscores the continued offshore and domestic investor appetite for the Sydney hotels.

"This transaction highlights the ongoing strength of the Sydney hotel investment market. Through our Asia Pacific platform, we were able to drive strong interest and a competitive bidding process that drove pricing. Ultimately, we were able to work closely with Hoi Hup to navigate through this complex deal." said Gus Moors, Managing Director at JLL's Hotels & Hospitality Group.

Andrew Langsford added, "Four Points by Sheraton Sydney, Central Park offered investors the opportunity to acquire a modern, well-located asset in the heart of Tech Central. This deal reaffirms Sydney as one of the most desired hotel investment destinations globally and supports an active transaction market as we move towards the end of this year and into 2027."

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