Home > > HNA Group to buy Novotel Twin Waters for $130m

HNA Group to buy Novotel Twin Waters for $130m

09/18/2016| 2:43:08 PM|

China's HNA Group is to acquire Novotel Twin Waters Resort in Australia for about USD 130 million.

HNA Group recently acquired Carlson Hotels, operator of the Radisson brand, for about USD 2.7 billion. It also owns one of China's biggest airlines, Hainan Airlines and has a 13% stake in Virgin Australia. Last year it had revenues of USD 38 billion.

The sale of the 361-room Sunshine Coast hotel, operated by Accor Australia, and owned by the unlisted Abacus Hospitality Fund (managed by the listed Abacus Property Group) is in due diligence with HNA Group the likely buyer.

Read original article

TAGS: HNA Group | Hainan Airlines | Novotel Twin Waters
©2022 广州力矩资讯科技有限公司 粤ICP备06070077号
Tell us more about yourself!