Sydney Hotel For Sale

Amid a pandemic that has wreaked havoc on the travel industry, the Ibis Sydney King Street Wharf has been placed on the market by Michael Simpson and Tom Gibson of CBRE Hotels. The vendor is Aldprop Pty Ltd, owned by Jerry Schwartz of Vaucluse.

The Ibis Sydney King Street Wharf is an eight-storey hotel comprising 91 rooms. It was built in 2009 and majorly refurbished in 2017. The hotel features a restaurant and bar, plus an on-site gym. Located close to the waterfront on King Street Wharf…