You are here

Sing Holdings to acquire Melbourne hotel for A$107m

25_6035519 - 13_04_2007.jpg
SING Holdings is looking to acquire Travelodge Docklands - a hotel in Melbourne - for A$107 million (S$113 million).

SING Holdings is looking to acquire Travelodge Docklands - a hotel in Melbourne - for A$107 million (S$113 million).

It said on Monday it has signed a conditional property sale agreement with GL InvestmentCo Melbourne, putting up a deposit of A$5.35 million or 5 per cent of the purchase consideration.

Travelodge Docklands will be the company's first hospitality asset, and its first foray into the Australian property market.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes