Merivale Group purchases the Queen Victoria Hotel in Sydney, Australia

The Queen Victoria Hotel in Enmore, Sydney, was purchased by Merivale. The Merivale Group now controls more than 50 bars, hotels and restaurants across Sydney.

Since February last year, Merivale has added the Paddington Arms on Oxford Street, 50 King Street in Sydney’s CBD, and the Beach Palace Hotel, now the Coogee Pavilion, to its portfolio, with the first two due to relaunch in August and May respectively.

The dramatic expansion plans come in the wake of the loss of family patriarch John Hemmes in early March.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The Queen Victoria Hotel on Enmore Road near Newtown station is Merivale’s first hotel west of the CBD. The company will take possession in late April.

Suggested Articles

Chatham Lodging Trust, Park Hotels & Resorts and Summit Hotel Properties recently offered updates on how they are responding to the pandemic.

STR and Tourism Economics project revenue per available room will rise 63.1 percent in 2021.

The company expects the reductions—which include the elimination of 270 positions—will provide approximately $30 million in savings.