Brisbane’s Mantra Terrace Hotel Sold to a Sydney-based Consortium
Singapore-based Well Smart Group (“WSG”) has sold Brisbane’s Mantra Terrace Hotel to a Sydney-based consortium consisting of Eduard Litver of Australia-based Capit.el Group Pty Limited, Paul Fischmann of Australia-based 8Hotels Boutique Hotels Co. (“8Hotels”) and investor Jonathan Hasson, for approximately AUD16 million (USD11.45 million). The 84-key serviced apartment is located on Astor Terrace, minutes away from the shopping area of the Queen Street Mall and the business epicentre of Eagle Street Financial District.
