JLL Hotels & Hospitality Group today announced that it has negotiated the transaction of the Hilton Sydney Hotel, the largest single asset hotel deal ever closed in Australia. The hotel was acquired by Barings Private Equity Asia (“BPEA”) for approximately A$530 million (US$370 million) and the transaction was advised by members of JLL Hotels & Hospitality Group’s Asia Pacific and Australia teams.
The Hilton Sydney Hotel offers 587 guest rooms & suites together with a lobby cafe, restaurant, two bars and approximately 4,000 sqm of conference and meeting space. Further amenities include
a swimming pool and large gymnasium operated by Fitness First.
The hotel underwent a multi-million major refurbishment in 2019/2020, which has further increased its prestigious standing and is expected to improve its performance in the tightly-held Sydney 5- star market. Notable works include the expansion of room count from 579 to 587, together with upgrades to all guest rooms, significantly enhancing the overall guest offering.
This landmark luxury 5-star Sydney CBD hotel features dual street frontages to both George Street and Pitt Street and is located within the Midtown Office Precinct of the Sydney CBD, close to the
retail heart of Sydney, as well as a large number of major corporate offices and leisure attractions including the Darling Harbour convention and entertainment precincts.
