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Acquisition of Four Points By Sheraton Sydney – December 2009

M&L Hospitality Trust is pleased to announce its first hotel acquisition, Four Points by Sheraton Sydney in Sydney, Australia.

The Four Points by Sheraton Darling Harbour, Sydney is the city’s largest non-gaming hotel. Positioned in the heart of Sydney’s CBD and overlooking stunning Darling Harbour, the hotel offers modern, comfortable and affordable accommodation to its guests.

“Sydney attracts robust demand from a wide variety of sources and the Four Points has strong corporate and leisure appeal. We identified the Four Points hotel as having excellent growth potential in a fantastic location in Sydney.” commented M&L Hospitality Chairman, Mr Michael Kum.

With 630 rooms, the hotel also features a fully equipped business centre, 24-hour fitness centre and contemporary function and dining venues including the unique heritage-listed Dundee Arms, Sydney’s fifth oldest pub.

The hotel is just moments’ walk to major entertainment and shopping districts including Pitt Street Mall, Queen Victoria Building, Chinatown, Sydney Convention & Exhibition Centre, the Sydney Entertainment Centre and Star City Casino. The surrounding area comprises office towers, housing major corporations including IBM Australia, John Fairfax Publications, PricewaterhouseCoopers and Commonwealth Bank of Australia.

The hotel’s size, facilities and prime location allow it to attract both corporate and leisure travellers as well as large group bookings. In addition to being managed by a well recognised international hotel operator, the hotel benefits from Starwood’s extensive loyalty programme.