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.

Parramatta hotel for sale

The Courtyard by Marriott hotels at Parramatta and North Ryde are on the market. The Parramatta property has 181 guest rooms, restaurant and seven conference rooms plus a 220-bay car park. The North Ryde property has 196 guest rooms, a restaurant/bar and eight conference rooms. The Surfers Paradise property is also on the market. EOI close on August 1. The properties are being sold with the benefit of Marriott International Inc management.