Westin Sydney listed with $400 million hopes
Jonathan ChancellorDecember 7, 2020
Singapore’s Government Investment Corporation has listed the Westin Sydney hotel for sale.
There are reported hopes of more than $400 million for the five star hotel purchased in 2002 for $160 million.
The sovereign wealth fund sold the Park Hyatt in Melbourne for $135 million last year to Fu Wah International.
The 414-room Westin Sydney has been listed through JLL Hotels.
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.
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