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Sing Holdings to acquire Melbourne hotel for $113 mil

PC Lee Published on Mon, Oct 17, 2016 / 6:40 PM GMT+8

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SINGAPORE (Oct 17): Property developer and investor Sing Holdings is acquiring Travelodge Docklands hotel in Melbourne for A$107 million ($113 million) from seller GL InvestmentCo Melbourne.

Travelodge Docklands is a freehold, 14-storey hotel located at 66 Aurora Lane, Docklands, Melbourne.

The hotel opened in February 2010 and operates as a limited service hotel. It comprises 291 guestrooms, lobby, a food and beverage outlet, meeting rooms, a business centre, guest laundry and other amenities.