Meriton Serviced Apartments, founded and owned by Australia’s richest man, Harry Triguboff, claims to have become the biggest owner of hotel rooms in Australia.
Meriton announced yesterday it had moved into the number-one position by overtaking the Abu Dhabi Investment Authority (ADIA), which bought the Tourism Asset Holdings portfolio in 2013.
The Meriton Serviced Apartments ascendency has come with the opening of 254 new suites at Church Street, Parramatta, taking the luxury portfolio to 4403 suites in Sydney, Brisbane and the Gold Coast.
Meriton Serviced Apartments says it is poised to widen its lead over the ADIA portfolio of 4096 hotel rooms and to cement its place as Australia’s fastest-growing hotel operator – it has opened three new all-suite apartment hotels in the past two months, with one more to come in a couple of weeks’ time.
That move will lift the number of its suites to 4621 spread across 18 hotels.
In charge of the expansion are Triguboff himself and the general manager of Meriton’s serviced apartment division, Matthew Thomas.
Meriton Serviced Apartments soon is to introduce the newest hotel in North Sydney, a property that will offer unrivalled high-rise hotel accommodation and views across Kirribilli and Neutral Bay.
Edited by Peter Needham