Numerous offshore parties circling the iconic five star Sofitel Wentworth hotel

Several offshore parties are believed to be circling one of Australia's most prestigious hotels - the iconic Sofitel Wentworth - barely a week into the marketing of the five star hotel.  

Property Observer understand that a number of parties from China, Europe, the US and Singapore are already believed to be having a hard look at the hotel -  which has become famous for hosting Liberal Party gatherings on election night.

It is understood that the final buyer is likely to come from offshore and that the selling price will be about $200 million. 

LaSalle Investment Management acquired the hotel for $130 million in 2010, on behalf of the LaSalle Asia Opportunity Fund III.

Expressions of interest for the 436-room hotel close on 21 March through Jones Lang LaSalle's Hotels & Hospitality Group and McVay Real Estate.

news@propertyosberver.com.au

            

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