The biggest hotel sale of the year

The biggest hotel sale of the year

The 99-year leasehold of the Hilton Melbourne South Wharf has been sold.

In the biggest hotel sale of the year, the 99-year leasehold of the Hilton Melbourne South Wharf has been sold for $230 million. 

The hotel was sold by HHR Conventions, partly owned by NY listed entity, REIT Host Hotels and partly owned by property developer, Plenary. The purchaser was Singapore-based, UOL Group, a public-listed property company involved in the development of residential units, office towers, shopping malls, hotels and serviced apartments. The company began its life in the early 60’s and has been led by Chairman Wee Cho Yaw since 1973. 

The Hilton Melbourne South Wharf is a 5-star hotel comprising a ground floor lobby and retail space, a four-level podium and 396 rooms over 15 levels; it was completed in early 2009.  In its fantastic position overlooking the Yarra River, and only a short walk to the CBD, the hotel is well positioned to cater for guests attending the next door Melbourne Convention Centre and the nearby Melbourne Exhibition Centre.

The hotel last traded in 2011 when a 75% interest in the leasehold was transferred at $137 million.

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CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 4.4 billion decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.

With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit

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