A Singapore-based hotel trust has sold the Novotel Brisbane for $67.9 million to Thai investors, citing "near-term challenges" created by the COVID-19 pandemic as a key reason for its divestment.
The 4½-star hotel at 200 Creek Street in the Brisbane CBD was offloaded by the CDL Hospitality Trust, which had owned it since 2010.
Loading...
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
