Sydney Hilton for sale with price expectations in excess of $450 million
Jonathan ChancellorDecember 7, 2020
Hilton Worldwide intends putting its Sydney hotel on the market.
JLL has been appointed to sell the asset in 2015.
Price expectations are for well over $450 million as offshore interest surges for hotel assets in Australia.
It has 579 rooms at 488 George Street, opposite Sydney’s Queen Victoria Building.
Hilton Worldwide is a public company owned in part by private equity group Blackstone.
The newly refurbished Hilton has 23 meeting rooms, 4,000 square metre of food and beverage space and an 25 metre indoor pool.
Its lead restaurant is Luke Mangan's Glass.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.