NEWS PROPERTY

The family run Prendiville Group is selling the Pier 21 Apartment Hotel in Perth with price expectations of more than $20 million. The boutique 47-room hotel in North Fremantle comprises three buildings across a 4006sq m land parcel fronting the Swan River. It is being sold by CBRE’s Ryan McGinnity and Ben Younger with a leaseback to the Prendiville Group.

Singapore’s Royal Group has tipped the InterContinental Sydney Double Bay five-star hotel in the heart of the eastern suburbs onto the market with expectations in excess of $150 million. Controlled by the Hiranandani family, Royal Group Holdings owns an extensive Asia-Pacific portfolio of hotels, shopping centres, office towers, industrial property and residential developments.

ASX-listed Lantern Hotel Group will pay security holders a special distribution of 5¢ per security after the sale of the Five Dock and Uncle Bucks hotels in Sydney. The special distribution will be paid on March 3.

A DA/BA approved 270 room hotel is to be sold via tender. Ray White Commercial Gold Coast closes the tender process on 23 February.

Resort management rights for the Plantation Resort at Rainbow Beach on Queensland’s Sunshine Coast are for sale for $2.1m.

Greenhill Lodge, a 73 acre property with rich Hawke’s Bay heritage, is on the market, offering a new owner an exciting opportunity to own a piece of Hawke’s Bay history as well as a globally recognised luxury accommodation lodge. The property is being marketed by Colliers International.

The Lantern Hotel Group has sold its last remaining pub, the Crown Hotel in Sydney’s Surry Hills, to Damian Kelly’s Peak Investments for $26.1 million. Well-known Sydney publican Jason Marlow is taking over the management of the landmark Top 200 gaming hotel. The purchase takes Peak Investments’ portfolio to three assets, adding to their recent acquisitions the Rose & Crown Hotel, Parramatta and the Corrimal Hotel.

A century-old historic building which once housed one of New Zealand’s most famous entertainment venues, Top Hat, is for sale.