Asia Pacific Hospitality Newsletter - Week Ending 16 February 2024
WFM Financial to Acquire Four Points by Sheraton Melbourne from Hiap Hoe for AUD96 Million
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WFM Financial to Acquire Four Points by Sheraton Melbourne from Hiap Hoe for AUD96 Million
Article - HVS Asia Pacific Hospitality Newsletter - Week Ending 2 February 2024 - Weekly Hotel Industry Asia Pacific News Roundup from HVS
The alternative asset manager has purchased a large-scale Melbourne hotel from Singaporean real estate group Hiap Hoe Limited.
Transactions over the Christmas period include the disposal of Mitchell House for $56 million, the biggest Melbourne CBD trade of 2023.
The property is Great Eastern Motor Lodge, which is situated along the Great Eastern Highway. Read more at straitstimes.com.