Hoi Hup Realty enters Sydney hotel market for $201m
Singapore-based developer Hoi Hup Realty has entered the Australian market for the first time, acquiring Four Points by Sheraton Sydney, Central Park for $201.8 million in one of the year's largest hotel transactions.
The seller, US private equity firm KSL Capital Partners, picked up the Chippendale property's real estate in 2021. KSL also holds a majority stake in luxury operator Baillie Lodges, now rebranded Beckons.
The 309-room hotel, managed by Marriott International, opened in 2018 and includes bar and restaurant Dizzybird, a fitness centre, car parking and 270 square metres of conference and meeting space.
Hoi Hup Realty has more than 40 years' experience in Singapore property, having delivered over 8000 homes across residential and retail projects including the RoyalGreen condominium and Pinery Mall.
The acquisition adds to a run of Singaporean investment into Australian property this year. In June, the Jaleel family acquired Perth's 98-room Pensione Hotel and Melbourne's Hotel Indigo on Flinders Lane for roughly $100 million, while sovereign wealth fund GIC bought a 32-level Sydney office tower from Investa for $450 million in August.
JLL Hotels and Hospitality Group executive vice president Andrew Langsford, who brokered the deal with colleague Gus Moors and CBRE's Michael Simpson, said the sale reflects strong offshore confidence in Sydney's hotel sector.
"The Sydney trading market has been quite strong, and competition for assets has been high," Langsford told The Australian Financial Review (AFR).
"There's some groups who are on the lookout for opportunities, but very few opportunities to actually get into the market and to buy something particularly of this scale."
The deal ranks among Sydney's biggest hotel sales this year, following the Abu Dhabi Investment Authority's $390 million sale of its Novotel and Ibis properties in Darling Harbour.
CBRE's Simpson said transactions like this signal offshore capital's return to the Australian hotel sector.
"In 2024, there was lower transaction volume, and [deals] were dominated by Australians. But in 2025 and the first half of 2026, there were some much larger ticket sizes, including this one, and predominantly [from] offshore capital," he said.
"Construction costs are still high, interest rates are reasonably high, and may go up – but regardless of that, the hotel market here is still performing very well, and it's a super attractive destination to come to."
The hotel is located in Sydney's Tech Central precinct, where Atlassian is investing in a 40-storey tower under development by Dexus, due to open in 2028.
Jonathan Jackson, 1st September 2026
