Business
Intercontinental Hotel Double Bay sold by Chinese private equity group for almost $180m – Commercial Real Estate News
The luxury hotel was offloaded by Chinese private equity group Shanghai United, which bought it four years ago.
A Chinese private equity group has sold the Intercontinental Hotel Double Bay for almost $180 million to Melbourne-based developer Fridcorp, founded and headed by Paul Fridman.
Independent sources say there are suggestions Fridcorp paid $178 million to Shanghai United for the luxury five-star hotel in the heart of Double Bay village amid plans to re-style it as a Louis Vuitton-branded hotel.
The sale sets a record for Double Bays luxury hotel and commercial market. Sources say it was negotiated…
-
Noosa News6 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News7 hours agoMotorcyclist dies in crash with truck
-
Noosa News21 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General21 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate