Singapore-based M&L Hospitality launches third property in Sydney
The 182-room West Hotel is close to the new Barangaroo commercial and leisure precinct
Singapore
SINGAPORE-BASED M&L Hospitality has opened a new 182-room boutique hotel in Sydney, which is its third property in the city and its sixth Down Under.
The West Hotel is the second new hotel to be constructed in Sydney's central business district in the last 17 years, the hotel group highlighted. According to a 2015 media report, the site where the hotel is built was acquired by M&L Hospitality at a value of some A$70 million (S$73 million) then.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand