IC Double Bay Sold.

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drron

drron

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The Chinese owners of the IC Double Bay have sold it to a Melbourne developer.Said to be restyled as a Louis Vuitton branded hotel.

A Chinese private equity group has sold the Intercontinental Hotel Double Bay for almost $180 million to Melbourne-based developer Fridcorp, founded and headed by Paul Fridman.


Independent sources say there are suggestions Fridcorp in a joint venture Piety Group paid $178 million to Shanghai United for the luxury five-star hotel in the heart of Double Bay village amid plans to re-style it as a Louis Vuitton-branded hotel.
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www.commercialrealestate.com.au

Intercontinental Hotel Double Bay sold by Chinese private equity group for almost $180m

The luxury hotel was offloaded by Chinese private equity group Shanghai United, which bought it four years ago.
www.commercialrealestate.com.au www.commercialrealestate.com.au
 
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