Melbourne fund manager buys Darling Harbour hotel for $55m
Larry SchlesingerReporter
The real estate arm of Melbourne-based fund manager Prime Value, Shakespeare Property Group, has swooped on the Woolstore 1888 hotel at Darling Harbour in Sydney, paying about $55 million for the 90-room heritage-listed hotel.
The acquisition is the second major hotel deal in Sydney in the past month after the InterContinental Hotel in Double Bay was acquired by a group of developers for $215 million.
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