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Sydney waterfront hotels in foreign crosshairs

first_imgThe Ovolo Group, who bought the 1888 Hotel through property company CBRE group last weekend for AUD $33 million are also enquiring about buying the Blue Sydney, a hotel with prime waterfront views in Woolloomooloo. A number of foreign hotel groups including the Hong Kong based Ovolo Group are buying up Sydney’s waterfront hotels to strengthen their Australian presences. Source = ETB News: Tom Neale At one time, it was branded a W Hotel but the property has been on and off the market since Taj Group bought the hotel in late 2005 for AUD $36m, rebranding it the Blue Sydney.last_img