The management rights for the Queen’s Wharf Residences tower have been sold to global hospitality giant Minor Hotels in a deal expected to be worth more than $17 million.
Hong Kong-based partners Far East Consortium and Chow Tai Fook Enterprises finalised the sale of the management rights of the 667-apartment residences at the Queen’s Wharf precinct this week.
The transaction, managed by ResortBrokers, exceeds the $85,000 per-key record for the management rights of a short-apartment complex set by its 2019 sale of Signature Broadbeach.
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