Parramatta. Hotel sale likely

The 181-room Courtyard by Marriott hotel, in the Parramatta CBD, is close to being sold for a likely $19 million, according to The Australian.. The hotel was one of three jointly owned by the failed New Zealand financier, Bridgecorp. The receiver is Korda Mentha, which sold Marriott hotels at North Ryde and Surfers Paradise, for $70 million.