On behalf of owner Grand Hotel Group, Jones Lang LaSalle Hotels is pleased to announce the sale of one of Australia's premier five-star hotels, the Hyatt Hotel Canberra.
The hotel is sold to Thailand based TCC Land for $80 million.
Jones Lang LaSalle Hotels' Executive Vice President Investment Sales, Mr Mark Durran and Asia Pacific CEO, Mr David Gibson, negotiated the sale on behalf of GHG.
Situated amid three hectares of landscaped gardens overlooking Lake Burley Griffin, the Hyatt Hotel Canberra features:
- 249 spacious guest rooms
- two main food and beverage outlets
- two ballrooms and four meeting rooms
- a flood-lit tennis court
- indoor heated pool and
- parking for approximately 348 cars.
