Furama Group Acquires Skye Suites Sydney from Crown Group for AUD68 Million in Australia. Singapore-based Furama Hotels International (“Furama Group”) has acquired Skye Suites Sydney and its adjoining Our Skittle Place retail precinct from Australia-based Crown Group Holdings Pty Limited (“Crown Group”) for AUD68 million. The transaction includes the 73-key serviced apartment property and six retail shops, with a total gross floor area of 918 square metres on the ground floor. Opened in 2018, Skye Suites Sydney is located within the 25-storey Strata development, The Arc by Crown Group, which also comprises 173 residential units. The mixed-use development features shared amenities such as a rooftop courtyard and lounge, a gymnasium, and an indoor pool. Skye Suites Sydney offers a minimum room size of 45 square metres and enjoys a prime location on Kent Street in the heart of the Central Business District – placing guests within a five-minute walk of Barangaroo’s waterfront precinct. Th…
