CENTRAL SYDNEY HOTEL SOLD

The Veriu Central Hotel in Sydney has been sold, it has been reported.

The 112-room hotel was purchased for an undisclosed figure by Tyche Capital Investments along with four retail tenancies that are part of the façade. It was sold on a leaseback basis through Colliers International on behalf of The Veriu Group.

In recent years, the hotel has undergone extensive renovations. It occupies a prominent CBD corner spot on Wentworth and Elizabeth Streets and dates back to the early 20th century.

“Having rebranded from the Central Station Hotel in 2016, this property has quickly become the cornerstone of our Veriu brand,” said Zed Sanjana, CEO of The Veriu Group. “We backed up this re-brand with a sensitive rooms refurbishment that tipped its hat to the heritage aspect of the building, while at the same time drawing on the modern, cutting edge Surry Hills community.”

The Veriu Group now operate over 18 hotels across eastern Australia, with six new hotels set to open over the next two years.