Singapore's CDL to buy Brisbane's biggest hotel for $119m

Canada's Brookfield selling Sofitel property in Australian city

20230324 Sofitel Brisbane Central

The landmark Sofitel Brisbane Central has has over 400 rooms. (Screenshot from Sofitel Brisbane Central's website)

MARS W. MOSQUEDA JR., DealStreetAsia

CEBU, Philippines -- City Developments Limited (CDL), one of the largest real estate companies in Singapore, has agreed to buy the biggest hotel in the Australian city of Brisbane from Canada's Brookfield Asset Management.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.