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Milestone Australian hotel transaction

​​​August 2013 - Located in Sydney's iconic Circular Quay precinct, the Four Seasons Hotel is one of Australia’s most renowned five-star hotels. At AUD340 million, its sale, on behalf of Eureka Funds Management to Mirae Asset Global Investments, represented a record price for a single hotel asset in Australia.

It is also the first five-star hotel acquisition made by a Korean-based entity in Australia and was sold subject to a management agreement with Four Seasons Hotels and Resorts.

Over recent years the property has undergone an extensive AUD40 million renovation, including the addition of a new restaurant, bar and substantial state-of-the-art conferencing facilities. 

Boasting picturesque views of the Sydney Harbour Bridge and Opera House, the hotel offers 531 guest rooms & suites.

“The sale of the Four Seasons Hotel Sydney is a milestone transaction for the industry as it represents the debut hotel acquisition of a major five-star Australian hotel by a Korean-based entity.” Craig Collins, CEO - Australasia, Hotels & Hospitality Group.

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