Processing timeline
26
days
Filed
12 Mar 2026
Acquirer(s)
Wentworth Inn Prop TC Pty Ltd ACN - 695 488 263, Wentworth Inn OpCo II Pty Ltd ACN - 695 554 262, Wentworth Inn OpCo I Pty Ltd ACN - 695 554 253
Target(s) or Vendor(s)
THE TRUST COMPANY (AUSTRALIA) LIMITED ABN - 21 000 000 993, PEARL HOTELS D 1993 PTY LIMITED ABN - 25 060 896 568
Other parties
Sun Hung Kai & Co. Ltd, Mulpha International Bhd, WENTWORTH CAPITAL TOPCO PTY LTD ABN - 51 663 503 848, Wentworth Inn Mid TC Pty Ltd, Wentworth Inn TC Pty Ltd ACN - 695 478 454, WENTWORTH CAPITAL INVESTMENT MANAGEMENT PTY LTD ABN - 62 634 954 206
Funds managed by Wentworth Capital Investment Management Pty Ltd acquired 100% of the Novotel Darling Harbour and Ibis Darling Harbour hotel businesses and related assets, plus leasehold interests. The sellers were Pearl Hotels D 1993 Pty Limited and The Trust Company (Australia) Limited. This real estate asset acquisition is in the accommodation sector.
Wentworth Capital Investment Management Pty Ltd (together with its holding companies and subsidiaries, Wentworth ) is an Australian asset manager based in Sydney which specialises in real estate. Its core activities are asset management, real estate private equity and real estate private credit. Funds managed by Wentworth will acquire 100% of the hotel businesses and related assets of Novotel Darling Harbour and Ibis Darling Harbour ( Hotel Businesses ) from Pearl Hotels D 1993 Pty Limited and the leasehold interests in the land on which the Hotel Businesses operate ( Property ) from The Trust Company (Australia) Limited in its capacity as trustee of the Pearl Hotels ZC 2013 Trust. The Hotel Businesses currently offer hotel accommodation services (and ancillary services related to the operation of a hotel) under brands associated with the Accor Group, which will continue to manage the hotels post-acquisition.