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Case Study Hotels: 252 Sussex Street

252 Sussex St Seasons

Colliers Hotels team together with Dentons have successfully advised the Owners Corporation of 252 Sussex Street Sydney to receive a landmark court judgement for a Strata Collective Sale in New South Wales.

252 Sussex Street is a 159 lot strata scheme currently operating as a 119‑key serviced apartment over 19 floors. The Colliers Hotels team ran an Expressions of Interest campaign back in 2017 and after a series of competitive bidding rounds, the Yeh Group were selected as the successful purchaser of the property.

The volume of enquiry received on the campaign for 252 Sussex Street, Sydney was hugely successful with over 50 site inspections conducted.

The historic decision is the first ever court‑ordered collective sale following changes in November 2016 to the Strata Schemes Development Act which allowed for the sale or redevelopment of strata properties on a threshold level of support of 75% of owners, subject to Land and Environment Court Approval.



Related Experts

Gus Moors

Head of Hotels | Australia


Having joined Colliers in early 2014, I have subsequently sold over $180 million of hotel assets across Victoria and NSW, including the largest hotel transaction in Victoria since 2008, being Bell City Preston for $143 million.

Prior to joining Colliers, I was Director of Asset Management for Tourism Asset Holdings Limited (TAHL), Australia's largest hotel owner and responsible for selling down this portfolio totalling over $1.5 billion.

Before TAHL, I was with Jones Lang LaSalle Hotels for 7 years, as Head of Asset Management and Chief Operating Officer for the Hotels group across Asia Pacific.

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Karen Wales

National Director, Asia Pacific | Hotels Transaction Services


Karen has over twenty years of experience in the hotel industry and holds a Masters of Business Administration (MBA) from the Australian Graduate School of Management. She brings with her a specialised knowledge of the Asia Pacific hotel investment market and an ability to drive fresh capital into Australia’s hotel markets. She has developed an exceptional network over the past two years across Asia and the Middle East and within government, in her capacity as Senior Investment Specialist Tourism Infrastructure at Austrade and her knowledge of new entrants into the growing Australian tourism sector is second to none.      

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