�Interest in the asset came from both around Australia and South East Asia with specific interest being shown in the region�s massive infrastructure projects currently underway� said Mr Batchelor.  These projects include the A$1.3 billion Alice Springs/Darwin Rail link due for completion next year and the East Arm Port Development, both projects furthering Darwin�s position as Australia�s gateway to Asia. Featuring a prime position overlooking Port Darwin Harbour, the 4.5 star

Carlton Hotel Darwin The Esplanade Darwin, NT Australia

The Berger family is a long-term investor in the Northern Territory hotel market, owning the recently rebranded Crowne Plaza Hotels in Darwin and Alice Springs since 1992.

Carlton Group Management regards the sale of the Carlton Hotel Darwin to be in line with the Group�s new strategic direction, which is to focus on its landmark CBD hotel portfolio in Auckland, Brisbane, Melbourne, Parramatta, Sydney and Singapore.

Until the transfer to BG Investment Holdings, the Carlton Hotel Darwin will continue to conduct its business as usual.  At settlement, BG Investment Holdings will, in accordance with the sale contract, honour all supply, services, occupancy, building, management and maintenance agreements which have been entered into by the Carlton Group in relation to the Carlton Hotel Darwin, before the contract date.

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