German fund manager Commerz Real is selling the buildings that are home to Voco and Hotel Indigo in Brisbane’s city centre in a rare dual listing with a combined $150 million-plus price expectation.
The two hotels were purchased and added to the German investor’s CR Institutional Hotel Fund in 2017 after a $77 million deal with Singaporean hospitality trust CDL, which had previously bought the hotels for $53.7 million in 2010. Commerz Real is the property arm of German bank Commerzbank.
