Gilbert + Tobin advises Wentworth on its $390 million acquisition of the Novotel Sydney Darling Harbour and ibis Sydney Darling Harbour, alongside co-investors Sun Hung Kai & Co and Mulpha Australia.
The acquisition was completed through Wentworth’s flagship Wentworth Real Estate Private Equity Fund I on 21 September 2026.
The two Accor-managed hotels comprise 781 rooms across an approximately 1.5-hectare site in Sydney’s Darling Harbour precinct. The site includes the 525-room Novotel Sydney Darling Harbour and the 256-room ibis Sydney Darling Harbour.
G+T advised Wentworth on the associated fund structuring. Led by Corporate Advisory Partner Nathan Cahill, with support from Logan O’Brien and Hugo Mayson.
