Select Page

Brand new Sydney Vibe Hotel sells to Thai group for $108m

by | 04 Apr 2020 | News

A rare deal just went down with the sale of the Sydney Vibe Hotel. (Photo: Vibe)

JLL Hotels & Hospitality Group has sold the Vibe Hotel Sydney Darling Harbour just a few months after it opened.

Sydney’s sought-after CBD just saw a huge deal go down in the form of the flash sale of the Vibe Hotel Sydney Darling Harbour.

Only recently opened, the property has already changed hands, from JLL Hotels & Hospitality Group to a Thai company which is new to the Australian hospitality market.

We find out more.

Vibe Hotel goes for $108m

Just a few months after its opening, the Vibe Hotel Sydney Darling Harbour is already under new ownership, following the sale of the property for $108m. The buyers of this illustrious property are Sino-Pacific Trading, one of Thailand’s leading food importers.

Very few properties come up for sale in the coveted CBD of Australia’s most well-known city, so potential buyers were chomping at the bit to get in on the action. Andrew Langsford, Senior Vice President of JLL Hotels and Hospitality Group, said, “This is the first acquisition of a major Sydney CBD hotel for several years. The campaign attracted a huge amount of global investor interest.”

Quality property with stunning design

Hotels of this kind and calibre don’t come on the market every day, and the extensive volume of bids for the property are evidence of this.

Craig Collins, CEO of JLL Hotels & Hospitality Group said, “It is very difficult to buy a quality CBD hotel in Australia at present. Most owners who have purchased hotels over the past few years are very happy with their investments and intend to hold long-term even though they may be sitting on very large capital gains.”

“They believe in the long-term growth story of the Australian hotel market and many wish to buy more assets and not sell. When quality hotel assets do come onto the market, like the Vibe Darling Harbour Sydney, competition is very strong, as buyers do not know when the next opportunity to buy a quality asset will come up.”

The hotel was designed by WMK architectural practice, who are renowned for their award-winning designs, and brought to market by developers Icon Oceania.

The 145-key property will be operated under a management agreement with TFE Hotels, whose portfolio consists of 73 properties across Australia, New Zealand and Europe.


Vibe is the fresh alternative to traditional hotels, reflecting a contemporary lifestyle at unbeatable value.



Covid19 hotel development analysis: Accor [Infographic]
Covid19 live blog roundup: Of solidarity, ongoing hotel constructions and planning recovery
Sands China heads for a sustainable future in a post-Covid world
Wyndham Destinations & MGM adopt new hygiene standards to fight Covid-19
Ensuring liquidity during Covid19: Marriott and NH Hotels take bold steps
Hotel data reveals: 110% GOPPAR drop in US, profit margins down to -11.6% in March
US luxury hotel groups return emergency COVID funds amid controversy
Hotel groups cleaning up their act to prepare for post-Covid era
UK hotels become emergency care homes for outpatients amid COVID-19
Is this the end of the minibar? How COVID-19 is changing hotel stays
Sicily offers to chip in for flights and hotels in an effort to boost tourism
How COVID-19 may slim Airbnb down and get back to its roots
Top tips for hotel operators staying open during a lockdown
Growth rate of boutique hotels puts segment in good position for recovery
TOPHOTELNEWS Live Blog roundup: COVID-19’s financial impact on hotel industry
TOPHOTELNEWS Live Blog roundup: hard-hit regions, new safety standards & slowed growth
Accor pioneers safety certification for hotel reopenings after Covid19
TOPHOTELNEWS Live Blog roundup: industry risks, new models & roadmap to recovery
Most recent Marriott hack potentially affects 5m customers
TOPHOTELNEWS Live Blog roundup: How hotels are helping during the corona crisis


With the online database TOPHOTELCONSTUCTION you will have access to +6,000 hotel projects and all relevant decision-maker contacts.


Pin It on Pinterest