CDL to acquire Sofitel Brisbane Central for $159.2 mil
CDL has acquired Sofitel Brisbane Central for A$177.7 million ($159.2 million) or A$427,000 per key. The five-star luxury hotel has 416 rooms and suites located in the heart of the city’s central business district (CBD), and enjoys direct access to Brisbane’s Central Station. The purchase was made by City Developments Limited’s (CDL) wholly-owned hotel subsidiary […]