M&L Hospitality acquires new hotel site in Sydney
The 65 Sussex Street project, to open in Q4 2017, will be its 16th hotel worldwide
Nisha Ramchandani
Singapore
SINGAPORE-BASED real estate investment group M&L Hospitality has acquired a hotel development site in Sydney, which will see it deepening its presence Down Under as well as boost its portfolio to 16 hotels worldwide.
"The addition of 65 Sussex Street will increase M&L Hospitality's overall portfolio in Sydney to more than 1,000 hotel rooms and 16 hotels globally once completed," the firm said on Thursday.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
China’s Huawei reveals chip design breakthrough amid US sanctions