Baring Private Equity Asia (BPEA) Real Estate Closes Acquisition of the 587-room Sydney Hilton Hotel for $370 Million

BPEA Real Estate | August 4, 2022

4 August 2022, Sydney – Baring Private Equity Asia (“BPEA”), one of Asia’s largest private alternative investment firms, announced today that its affiliated real estate funds (“BPEA Real Estate”) have completed the acquisition of the Sydney Hilton hotel for A$530 million (US$370 million). The deal is the largest-ever single asset transaction in the Australian hospitality sector. The Sydney Hilton is a landmark 587-room, 5-star hotel in the heart of Sydney’s CBD, located at 488 George Street. The hotel boasts extensive events and conferencing facilities, as well as award-winning food and beverage offerings and luxury retail ou...