Skye Suites Sydney and its adjoining retail precinct have been sold to an international investor in what brokers describe as the largest hotel transaction in Sydney’s CBD so far in 2025. The sale, managed by Stonebridge Property Group and HTL Property, followed a highly competitive campaign.
- Over 300 enquiries were received during the process
- More than 20 formal offers were submitted at the close of first-round bidding
- The buyer remains undisclosed, and the final sale price is confidential
Prime asset in landmark mixed-use tower
The 5-star Skye Suites Sydney occupies part of the 25-storey Arc by Crown development. Opened in late 2018, the hotel offers a range of upscale features and amenities, such as:
- 73 serviced apartments
- A location within a mixed-use strata tower that includes 173 residential units
- A rooftop courtyard and lounge, modern gym, and lap pool
The transaction also includes six ground-floor retail tenancies, known collectively as Our Skittle Place, which will be subject to further leasing strategies under the new ownership.
Despite the change in ownership, the hotel will continue to operate under the Skye Suites brand.
Market appeal and investor sentiment
Stonebridge Property’s National Director, Lincoln Blackledge, said, “The over-sized suites, high specification of finishes, and recent construction were all contributory factors to attracting the ‘who’s who’ of bidders and driving Sydney’s biggest hotel sale this year.”
HTL Property’s Andrew Jackson said the deal reflects growing investor confidence in Australia’s hotel sector, citing NAB data showing commercial property sentiment at an eight-year high, with CBD hotels leading investor preference.
The sale reinforces Sydney’s status as a top hotel investment market in the Asia-Pacific region.
