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Australian hotel portfolio sale collapses

A deal that would have seen NRMA become the full owner of the Tucker Box Hotel Group, which controls eleven Travelodge hotels around Australia worth approx. $600 million, has collapsed


Key points:

  • NRMA / Mirvac deal for Tucker Box falls over

  • Portfolio includes eleven Travelodge hotels across Sydney, Melb & Bris

  • Worth approx. $600m with c. 2,000-keys


NRMA was mooted to become the full owner of the Tucker Box Hotel Group, which controls eleven Travelodge hotels around Australia worth approx. $600 million. However, it appears the deal has collapsed.


Mirvac announced it had been unable to agree to terms to sell its interest in the Tucker Box Hotel trust. Mirvac and NRMA will continue to hold equal stakes in the unlisted venture that includes approx. 2,000-keys.


The group owns three Travelodges in the Sydney central business district as well as hotels in the Sydney suburbs of Manly, Macquarie Park, Bankstown and Blacktown. The portfolio is also represented in Newcastle, Melbourne and Brisbane.