MERITON Serviced Apartments has reached a new milestone this month by becoming the largest owner of hotel rooms in Australia. The company reports it has taken the top spot following the opening of 254 new suites on Church Street in Parramatta, which saw its portfolio rise to a total of 4,403 suites in Sydney, Brisbane and the Gold Coast. The business has overtaken the Abu Dhabi Investment Authority (AIDA), who bought the Tourism Asset Holdings Portfolio in 2013, and currently holds 4,096 rooms.
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 05 Oct 16
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