The Shangri La, Four Seasons, Novotel and Mercure will be sold by the NSW government.
Growing short-term visitor arrivals, a rise in Chinese visitors, greater spending and longer stays as well as high occupancy and returns bring more foreign investment to Sydney hotels.
Sydney reported an 87 percent occupancy rate in 2014 compared to around 70 percent across the Asia Pacific region.
Investors are bullish on Sydney, Australia, which continues to lure foreign investment, particularly into hotels.
To bring the spacious comfort of apartment-style accommodation to the busiest airportin Australia and a bustling business district, Adina Apartment Hotel Sydney Airport is set to open late-March 2015.
Dalian Wanda will invest in Sydney property. This will be the Chinese property company’s second investment in Australia.
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