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,…