Publications

Transactions - JULY 23, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Partners Group, GIC acquire $457m Australian Travelodge hotel portfolio

by Andrea Zander

Partners Group, a global private markets firm, has, on behalf of its clients, agreed to acquire a portfolio of 11 Travelodge hotels in Australia with a gross asset value of A$620 million ($457 million), from Mirvac and NRMA.

Partners Group will acquire the portfolio in partnership with Singaporean sovereign wealth fund GIC and Australian hospitality operator Salter Bros.

The portfolio, which is the largest of its kind to transact in Australia, is diversified across key metropolitan centers, including Sydney, Melbourne and Brisbane, and consists of more than 2,000 rooms. Acquiring the portfolio will provide an opportunity to capitalize on the long-term relative value of Australia's hospitality sector. The portfolio is also set to benefit from a nationwide campaign launched this year that aims to increase domestic tourism. Partners Group and its acquisition partners will work on a transformational value creation plan that aims to improve the utilization of the hotels thr

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.