Novotel & Ibis Melbourne Central Hotel Sold for $170 Million

Legend Land’s acquisition of the 472-room Novotel & ibis Melbourne Central represents the largest hotel transaction in Melbourne in over six years and highlights the confidence international capital has in Australia’s hotel sector outlook.
Source: New feed

Mondrian Park Avenue Hotel in Manhattan Sold to Global Holdings

Global Holdings, the international real estate development and investment firm led by Chairman and Founder Eyal Ofer, yesterday announced the acquisition of the Mondrian Park Avenue, a 190-key boutique hotel in Manhattan’s NoMad neighborhood.
Source: New feed