Ibis Budget latest hotel to hit the market
March 13, 2021 12.00am
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The Ibis Budget on Elizabeth Street is the latest hotel to hit the market, amid a slew of COVID-19-affected hotels up for sale.
Singapore-based Well Smart Investment Holdings tried to sell the CBD holding in mid-2019 and has come back for a second go, just in time for the federal government’s interstate air travel voucher scheme.
Luxury car dealer Lasath Algama is selling the 2645 sq m landholding at 135-149 Burwood Road.
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It’s at the cheaper end of the market and is likely to fetch between $23-$25 million.