Thursday, May 2, 2024
HomeGlobalTravel & TourismPartners Group to acquire $450m Travelodge hotel portfolio in Australia

Partners Group to acquire $450m Travelodge hotel portfolio in Australia

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The Partners group is doing well for themselves all across Australia. The portfolio, which is the largest of its kind to transact in Australia, is diversified across key metropolitan centers, including Sydney, Melbourne, and Brisbane, and consists of over 2,000 rooms. Acquiring the portfolio will provide an opportunity to capitalize on the long-term relative value of Australia’s hospitality sector.

The portfolio is also set to benefit from a nationwide campaign launched this year that aims to increase domestic tourism. 

Partners Group and its acquisition partners will work on a transformational value creation plan that…

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