Sofitel Adelaide Hotel Acquired For AUD154 Million
Australia-based, hospitality fund manager, Salter Brothers have acquired the Sofitel Adelaide hotel from the hotel’s developers, Australia-based Palumbo Family, for AUD154 million (AUD613,545 per key). Located within the CBD at 108 Currie Street, Adelaide, Australia, the 32-storey mixed use building is the first internationally branded five-star hotel to be developed in Adelaide in the past three decades. In addition to the 251-key hotel, the building also features 69 residential apartments on the top eight floors, a restaurant, two bars, an indoor swimming pool, a fitness centre, a health club, numerous meeting spaces, and an executive lounge.
