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Acquisition of Swissotel Sydney – June 2010

M&L Hospitality is pleased to announce the acquisition of Swissotel Sydney in Sydney, Australia. Swissotel Sydney is an upper-scale hotel in the heart of Sydney’s CBD, surrounded by Sydney’s most fashionable retailers, restaurants, entertainment and business precincts. The hotel is well connected to public transport networks, with easy access to the Sydney International and Domestic Airport.

“Swissotel’s excellent central Sydney CBD location and its growth potential ties well into M&L Hospitality’s active enhancement strategy.” commented Mr Neil Maxwell M&L Hospitality’s Chief Investment Officer. “We are actively progressing a major refurbishment programme on the hotel to ensure Swissotel remains one of Sydney’s upper-scale hotels of choice for corporate and leisure guests.”

All 359 rooms, including 18 suites plus one presidential suite, enjoy Sydney skyline views. Swissotel Sydney also features its own executive club lounge, day spa, outdoor heated pool and spa, fully-equipped fitness centre, cocktail bar, modern Australian restaurant and conference centre.

Sydney’s famous landmarks are just a moments walk away including the Sydney Harbour Bridge, the historic Rocks precinct, Sydney Opera House and the beautiful Botanic Gardens. The surrounding area comprises office towers housing major corporations including the World Bank Group, J.P. Morgan, PricewaterhouseCoopers and Commonwealth Bank of Australia.