Developments

Wollongong hotel on the market

Canadian Brookfield Group is selling the Novotel Wollongong Northbeach for an asking price of $48 million for the hotel south of Sydney.

Brookfield had put its entire Australian hotel portfolio up for sale by expressions of interest – this closed last month.

According to The Australian, Oscars Hotels is in exclusive due diligence to acquire the 204-room Novotel Wollongong Northbeach.

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