CDL’s buy of the Sofitel in Brisbane highlights deals from
the past week.
Among the deal highlights of the week is Singapore’s CDL
acquiring from Brookfield Asset Management the Sofitel Brisbane Central,
marking the group’s expanding footprint in Australia. The 416-room property, the
group’s third hotel in Australia, is Brisbane’s largest single branded hotel and
largest hotel conference facilities in the heart of the CBD. CDL said strong investments due to the robust
fundamentals of Brisbane’s hotel market, limited room supply, pipeline of
infrastructure projects and large-scale sporting and business events will fuel
sustained demand for the hotel.
Click here to download all the deal information from the