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Posted: 16 Oct 2012 | 6:00 am
SilverNeedle which is part of the Nadathur Group has acquired the historic Chifley at Lennons Hotel in Brisbane Australia.
Reportedly the transaction is valued at $57 million.
The group has announced plans for a $35 million upgrade and expansion from the current 154 rooms up to 200 keys.
The property will roll out of SilverNeedle's four star Next brand that is the core focus of the hospitality group.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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