The Rydges Hotel North Sydney is the latest asset from Event Hospitality & Entertainment (EVT) to hit the market as the ASX-listed business looks to raise $250 million from the sale of non-core property.
Between $80 million to $100 million is expected for the 167 room hotel near the North Sydney CBD, which is being pitched as an each-way bet with potential to revamp or redevelop as an apartment tower.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
