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Case Study

Four Seasons Hotel Sydney sold for AUD340 million

​JLL’s Hotels and Hospitality Group brokered the sale of the Four Seasons Hotel Sydney, one of Australia’s most renowned five star hotels, on behalf of Eureka Funds Management to Mirae Asset Global Investments. At AUD340 million, this was the highest price ever achieved in Australia for a single hotel asset and represents the first five-star hotel acquisition made by a Korean-based entity in Australia. The hotel was sold subject to a management agreement with Four Seasons Hotels and Resorts.

The property underwent an extensive AUD40 million renovation over recent years, including the addition of a new restaurant, bar and substantial state-of-the-art conferencing facilities. Boasting a prominent position in the Circular Quay precinct of the Sydney CBD and within minutes of Sydney’s major leisure and corporate demand generators, the hotel offers 531 guest rooms & suites, many of which enjoy picturesque views of the Sydney Harbour Bridge and Opera House. Guest facilities include four food and beverage outlets, substantial conference and meeting spaces, health spa and fitness centre, swimming pool and undercover car parking. The property also features a number of highly successful retail tenancies as well as a state-of-the-art off-site commercial laundry.