SINGAPORE-BASED real estate investment group M&L Hospitality has bought a hotel development site in Sydney’s CBD named 65 Sussex Street.
The group has appointed architects from Fitzpatrick + Partners and interior designers to build a mid-scale hotel property that features a restaurant, bar as well as meeting spaces. The project is expected to be completed by 4Q2016.
This acquisition will increase M&L Hospitality’s overall portfolio in Sydney to more than 1,000 hotel rooms and 16 hotels globally once completed. Operators of M&L Hospitality properties include names such as Hilton, IHG, Starwood and Swissôtel.
