DEVELOPMENT and investment group, Sing Holdings has entered into an agreement to acquire the 291-room Travelodge Docklands in Melbourne. Sold for $107 million, Sing Holdings has put down a $5.35 million deposit on the hotel, which will continue to operate under the Travelodge brand. The purchase, subject to govt approval, is expected by 31 Jan.
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 19 Oct 16
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