Darwin resort hotel sold to national hotel group by Savills and Knight Frank

One of the Top End’s most prominent hotel assets, the Travelodge Resort Darwin, has been sold to WA-based hotel operator, Prendiville Group, via a high-profile international sale process that attracted a series of competitive bids throughout the six week campaign.

The 224-room property, located at 64 Cavenagh Street in Darwin, was sold by Mark Durran and Paul Savitz from global agency Savills Australia and New Zealand and Peter McVann from Knight Frank Australia, on behalf of TFE Hotels.

In the heart of Darwin city, the recently refurbished hotel resort includes 32 self-contained townhouses, with a new modern design and a host of resort amenities, including multiple swimming pools, Treetops Restaurant, conference and events…