KSL Capital Partners enters Sydney hotel market

An affiliate of KSL Capital Partners has acquired the Four Points by Sheraton Sydney, Central Park for an undisclosed amount.

It will continue to be operated by Marriott International under the Four Points by Sheraton brand. While KSL has already invested in Ballie Lodges in Australia, this is KSL’s first investment in Sydney.

“KSL Capital Partners’ primary focus is to invest in high-quality travel and leisure properties with outstanding management teams,” said Siddhant Jhunjhunwala, vice president, KSL. “Sydney is one of the strongest long-term Asia Pacific tourism destinations and has historically outperformed all other Australian gateway cities. This is a rare opportunity to expand our portfolio with an upscale, strategically located asset in this highly sought-after market.”

Newly opened in 2018, the Four Points by Sheraton Sydney, Central Park features 297 guest rooms, including 45 suites. Amenities include a bar, a restaurant, a fitness center,