Crys­tal­brook en­ters Syd­ney ho­tel mar­ket

Port Douglas & Mossman Gazette - - TOURISM TALK - Lisa Allen

THE in­ter­na­tion­ally backed hote­lier Crys­tal­brook Col­lec­tion has made its first foray into Syd­ney, buy­ing the 35room Lit­tle Al­bion Guest House in Surry Hills for about $30 mil­lion.

Founded re­cently by Syr­ian bil­lion­aire Ghas­san Aboud, Crys­tal­brook has $100m in­vested in three ho­tels that are about to open in Cairns as well as a lodge in Queens­land’s out­back. The Crys­tal­brook Lodge and Crys­tal­brook Sta­tion were ac­quired from Port Dou­glas busi­ness­man John Mor­ris in early 2017 and in­clude a 34,000ha cat­tle sta­tion.

About 220km west of Cairns, the Crys­tal­brook Lodge fea­tures five suites and charges $1800 per room per night, all in­clu­sive.

Crys­tal­brook Col­lec­tion is also pre­par­ing to ex­pand into Port Dou­glas by build­ing a ho­tel at the Ma­rina Mi­rage.

Mean­while in Syd­ney, Crys­tal­brook has bought Aus­tralia’s new­est bou­tique ho­tel, which was de­vel­oped and de­signed by Paul Fis­chmann, founder and owner of 8Ho­tels.

The ho­tel is in a her­itage build­ing con­structed in 1910.

The chief ex­ec­u­tive of GA Group Aus­tralia, which trades as Crys­tal­brook Col­lec­tion, Mark Davie, said the Lit­tle Al­bion Ho­tel’s lo­ca­tion in Surry Hills made it an ex­cel­lent in­vest­ment for the group.

Mr Fis­chmann said he had not in­tended to sell the Lit­tle Al­bion.

“We spent three years build­ing it for the long term and it was a very per­sonal pro­ject, but Wayne Bunz from CBRE ap­proached with an of­fer I couldn’t refuse.”

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