Jerry Schwartz acquires Blue Mountains leisure and
conference hotel to boost NSW portfolio.
Leura Gardens Resort in
New South Wales, Australia, has sold for the second time in 12 months at a 25%
premium, according to CBRE, with the Schwartz Family Company, Sydney,
acquiring the Blue Mountains resort to strengthen its position as a regional leisure
and conference provider.
Leura Gardens Resort consolidates the Schwartz Family
Company presence in the Blue Mountains, joining the Fairmont Resort Blue
Mountains and Leura Golf Club, all within a few minutes’ drive of each
other.
Leura Gardens Resort is the 15th hotel in the Schwartz hotel
network and was acquired for $25 million from the Elanor Hotel Accommodation
Fund.
The recently refurbished Leura Gardens Resort is an expansive
92-room hotel set in four and a half acres of landscaped gardens. It offers a
choice of studio, family, and self-contained apartments. Recreational
facilities include a solar-heated outdoor swimming pool, fitness room, guest
lounge, and on-site restaurant, with Leura Golf Course across the road.

Gardens at the Leura Gardens Resort, New South Wales
Leura Gardens Resort is located a few minutes from the
picturesque village of Leura, the gateway to the World Heritage-listed Blue
Mountains National Park in New South Wales.
Leura Gardens Resort’s extensive grounds, multiple
conference and events spaces make the property a popular function space. The
hotel will now operate in conjunction. with Fairmont Resort and Leura Golf Course
to offer one of the most comprehensive conference and event venues in regional
New South Wales.
Dr. Jerry Schwartz said the hotel purchase was well timed
with the announcement that the NSW Blues rugby team would establish a training
base in the Blue Mountains, using the facilities at both the Fairmont and Leura
Gardens.
The Schwartz Family Company was established in 1973 and has
since grown to be a major investor in premium property in Sydney, Newcastle,
the Hunter Valley, Canberra, Melbourne and the Gold Coast. The company has a
portfolio of 15 hotels and over 4,300 rooms operated under brands including
Sofitel, MGallery, Novotel, Mercure, Ibis, Rydges, and Hilton.