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Meriton becomes largest owner of Australian hotel rooms

By   /  October 6, 2016  /  No Comments

Meriton Serviced Apartments has reached a new milestone, becoming the largest owner of hotel rooms in Australia.

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Meriton overtakes Abu Dhabi Investment Authority as largest hotel room owner in Australia

Photo: Meriton’s Como Crescent, Gold Coast

Photo: Meriton’s Como Crescent, Gold Coast

The achievement was secured with the opening of 254 new suites at Church Street, Parramatta, taking the Meriton portfolio to 4403 suites in Sydney, Brisbane and the Gold Coast.

The company has overtaken the Abu Dhabi Investment Authority (ADIA), which bought the Tourism Asset Holdings portfolio in 2013 and has a collection of 4096 hotel rooms.

Meriton is set to widen its lead over ADIA with a new all-suite apartment hotel set to open in North Sydney in a few weeks, which will bring its portfolio up to 4621 suites.

 

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  • Published: 12 months ago on October 6, 2016
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  • Last Modified: October 6, 2016 @ 11:23 am
  • Filed Under: Latest News

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