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Record sale: Sydney Shangri-La Hotel sells for $352 million

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Published on 26/06/12 - Updated on 17/03/22

Hong Kong's Shangri-La Asia group has payed $352 million for the Sydney Shangri-La Hotel, Property Observer reports.

The transaction, which is due to be completed by July 31 consists, of $330 million for the hotel and $22.4 million for for its net current assets. The price paid for the Shangri-La Sydney is well above the $249 million paid for the Sydney Harbour Marriott Hotel at Circular Quay earlier this month. The sale price equates to $626,000 per room.

Shangri-La Hotels & Resorts

Shangri-La Hotels & Resorts

Hotel Group

  • Shangri-La Hotels & Resorts Hong Kong
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