Melbourne fund manager Salter Brothers is eyeing up its next big acquisition, the $200 million offering of Spicers Retreats by Rich Lister Graham Turner and his wife Jude, after settling the biggest hotel deal in Australian history – the $620 million purchase of the Travelodge portfolio.
Well-placed sources confirmed Salter Brothers were in exclusive due diligence to acquire most of the Spicers Retreats portfolio, which comprises 10 luxury lodges in Sydney, the Hunter Valley and south-east Queensland.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
Fiona Carruthers has written and edited travel for the Financial Review for almost a decade. She has held senior roles with ABC Radio National, Deutsche Welle Radio, TIME and The Australian, and was deputy editor of Traveller. Email Fiona at fcarruthers@afr.com
