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Sign in Sign up for a FREE subscriptioniProsperity buys AccorInvest’s 23-hotel portfolio
Hong Kong–backed funds investment group iProsperity Group (iPG) has acquired a portfolio of 23 hotels from AccorInvest for a price speculated to be less than A$250 million ($170 million).
The portfolio comprises 1,797 rooms across 17 real estate assets and 1,249 rooms over six lease interests, spanning across Sydney, Melbourne, Canberra, Brisbane, Perth and major regional cities.
The largest hotels are the 200-key inn at Sydney Airport and the 156-key Ibis Budget Sydney Olympic Park.
iPG is a Hong Kong–backed funds investment group for high-net-worth investors.
Below is the list of hotels.
The AccorInvest portfolio
In the ACT and New South Wales:
Ibis Budget Dubbo Ibis Budget Campbelltown Ibis Budget Casula Liverpool Ibis Budget Wentworthville Ibis Thornleigh Ibis Budget Enfield Ibis Budget Sydney Olympic Park Ibis Sydney Airport Ibis Bu