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SYDNEY-The parent company of Surry Hills, Australia-based Medina Serviced Apartments and Vibe Hotels pays AUS$30 million ($20.7 million) for the 192-unit hotel here and plans a AUS$4-million ($2.8-million) makeover that will turn it into a four-star hotel.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
May 30, 2025
CRE loan defaults reach highest level since 2014, threatening market stability.
May 30, 2025
The mixed-use redevelopment will allow for a total of 4,600 homes.
May 30, 2025
Industrial and hospitality were the reasons for a year-over-year fall.
