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Hotel Grand Central selling hotel in Surfers Paradise for A$80m

Australian hotel has not been performing; hotelier company to reap disposal gain of about S$23.4m

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Hotel Grand Central (HGC) on Tuesday said it has inked a deal to sell Hotel Grand Chancellor Surfers Paradise hotel in Australia for A$80 million (S$79.7 million) to an unnamed third party buyer.

Singapore

HOTEL Grand Central (HGC) on Tuesday said it has inked a deal to sell Hotel Grand Chancellor Surfers Paradise hotel in Australia for A$80 million (S$79.7 million) to an unnamed third party buyer.

When contacted, a spokesman said the buyer had made a good offer, which was

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