Singapore giant chooses Sydney for maiden Australian investment
KSL Capital Partners has sold the Four Points by Sheraton Sydney, Central Park, after five years.
The US-based group is banking $201.8 million for the Chippendale hotel.
That seller, Jerry Schwartz, also completed it, in 2018.
The new owner is Singapore-based Hoi Hup Realty, in its maiden Australian commercial real estate investment.
CBRE Michael Simpson and JLL Hotels & Hospitality’s Gus Moors and Andrew Langsford were the agents.
Four Points by Sheraton, Central Park
Four Points by Sheraton, Central Park at 88 Broadway, Chippendale, contains 309 rooms today – 45 large suites.
There is also the Dizzy Bird bar and restaurant, a gym and 44 car parks.
KSL converted a conference floor at 88 Broadway, Chippendale, into 12 more accommodation suites (continues below).
It retained 270 sqm for events.
Hoi Hup Realty
Established in 1983, Hoi Hup Realty holds residential, commercial and hospitality interests in Asia and Europe.
Its Singapore portfolio includes Terra Hill, The Continuum, Ki Residences at Brookvale, Parc Central Residences and Parc Canberra (at 13 Canberra Walk, Singapore 756947, in the Sembawang region).
It acquired the 324-room Andaz Singapore in 2019 for $487m (S$475m) and also owns the 250-room Courtyard by Marriott Singapore Novena.
In London, the group has assembled a 1.1-acre freehold island site in the city’s Midtown through acquisitions of 322 High Holborn and 44 Southampton Building in 2018, followed by Holborn Gate four years later.
Hoi Hup secured planning consent in 2025 for a redevelopment of that site – for c34,400 square metres of office space alongside retail and public space.
Subscribe to our newsletter at the bottom of this page.
