The Singapore-based company has acquired the Rendezvous Hotel Sydney Central in an AU$38 million (US$28m) deal that took effect on 6 October 2015. The 116-room property will continue to operate under its existing brand.
“With the Naumi in Singapore being a fan-favourite with the Australian market since 2007, we are extremely excited to announce the inception of Naumi Hospitality in Australia, starting with our first hotel in Sydney,” said Gaurang Jhunjhnuwala, Naumi’s CEO for Australia & New Zealand. “Following our foray into New Zealand with our Auckland property, this continues to affirm our commitment towards the aggressive growth of the Naumi brand into leading markets, especially Australasia.”
As reported on Travel Daily Media, Naumi’s Sydney launch marks the latest phase of Naumi’s expansion-by-acquisition strategy. Last year the company secured a deal to acquire and manage the Hotel Grand Chancellor Auckland Airport.
The company currently also operates the Naumi and Naumi Liora boutique hotels in Singapore.