Hong Kong’s Far East Consortium is moving to sell two of Australia’s most prestigious hotels – The Ritz-Carlton, Melbourne and The Ritz-Carlton, Perth – amid strong demand for trophy luxury hotel investment opportunities in Australia.
CBRE Hotels’ Michael Simpson, Tom Gibson, Aaron Desange and Vasso Zographou, together with McVay Real Estate’s Dan McVay and Sam McVay, have been appointed to steer the portfolio sale. It provides an opportunity to acquire a combined 462 luxury hotel rooms managed by the world’s largest hotel operator Marriott International under Marriott’s pinnacle luxury brand, The Ritz-Carlton.
“The portfolio is positioned across two of the most sought after and resilient hotel investment markets in Australia, offering geographic and financial diversification,” Mr Simpson said.
