Westin Sydney for sale

Westin Sydney for sale
By admin


The Westin Sydney has been put on the market by Singapore’s GIC Private which hopes to raise over $400 million for the CBD five-star hotel.

According to a report in The Australian, the hotel is the latest in a series of Sydney accommodation properties up for sale, including the Sheraton on the Park, which went for $463 million late last year.

GIC purchased the well-known 414-room hotel in 2002 for $160 million.

It is estimated the sale price could be in the range of the Sheraton, or higher, according to industry sources quoted by the paper.

Sale of the Westin Sydney comes after GIC offloaded the Park Hyatt in Melbourne to a Chinese-firm for $135 million last year.

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