Wednesday, 19 October 2016
New South Wales
North Sydney Hotel Sold (www.afr.com)
A private buyer has acquired the Commodore Hotel on McMahons Road, North Sydney for $14.5 million.
The hotel occupies a 1,138m² site and comprises a public bar, outdoor terraces, bistro, bottle shop, gaming room and 17 PME’s with off street parking.
Windsor Retail Property Sold (www.afr.com)
A private investor has acquired a two-storey retail property at 125-131 Chapel Street, Windsor for $14.96 million ($16,190/m² of lettable area), reflecting a yield of 3.5%.
Docklands Hotel Sold (www.afr.com)
Sing Holdings has acquired the Travelodge Hotel at 66 Aurora Lane, Docklands for $107 million ($367,698/guest room).
The limited service 14-level hotel comprises 291 guest rooms and is operated by TFE Hotels.