Hotels & Accommodations
Park Hyatt Melbourne sold to Thai group KS Hotels in $205m+ deal

Melbourne’s Park Hyatt Hotel has sold for more than $205m. Picture: NCA NewsWire/ David Crosling
A Thai hospitality group has been confirmed as the new owner of Melbourne’s luxurious Park Hyatt hotel after a more than $205m purchase locked in two months ago.
KS Hotels, just the third Thai-based group to snap up a major Victorian hotel, have bought the landmark set between the state’s parliament, treasury and the Fitzroy Gardens, from Hong Kong’s Fu Wah International.
With a 245-room floorplan it’s Melbourne’s biggest hotel sale since 2017, when a run of accommodation centres including the W Hotel, the Novotel on Collins St and the Hilton at South Wharf were all sold to South-East Asian buyers.
RELATED: Park Hyatt Melbourne to hit the block as Chinese check out
Melbourne’s biggest eyesore listed for sale by China’s Wang Hua
Catholic Church selling Melbourne terraces opposite St Patrick’s
Many of the city’s most prominent hotels are owned by groups operating from across Asia, including the Westin, owned by a Malaysian company, and the Windsor, owned by Indonesia’s Halim Group.
Parties involved in the sale were unable to confirm a price, however industry sources have put it above the $205m paid for Sydney’s Intercontinental Double Bay in 2024.
JLL’s head of investment sales for Australasia Peter Harper was among the agents who helped broker the deal and said it reflected Melbourne’s “incredible ability to absorb new stock coming through”.
“I don’t know how anyone can see anything other than the market has done exceptionally well,” Mr Harper said.
The hotel is located between the state’s Parliament buildings and the Fitzroy Gardens. Picture: NCA NewsWire/ David Crosling
He noted that there had been more than 100 inquires and 10 groups that made offers for the hotel from when it was first quietly being offered to the market late last year, to after its launch on the open market in January.
His colleague Nick Macfie said the Park Hyatt was among Melbourne’s most impressive hotel offerings, and while a handful of local hotels like the Grand Hyatt with vast numbers of rooms available could “pip it”, it was unclear when a pricier offering might next hit the market.
“I would think Melbourne, this will be the biggest deal for a hotel for some time,” Mr Macfie said.
“And potentially in Australia it will be the biggest for a while.”
Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.
MORE: Trump role in Melbourne CBD office market’s suburb-sized hole
Melbourne’s smallest shops reveal shocking price per metre rates
Hotels & Accommodations
First look: Sax Paris, LXR Hotels & Resorts from Hilton

The City of Light is home to hotels aplenty, ranging from serviceable budget accommodations to luxury digs where your points can help you save some euros.
The newest entrant on the scene comes courtesy of Hilton’s upscale LXR Hotels & Resorts brand, and is an under-the-radar, 118-room gem in Paris’s sleepy 7th arrondissement.
Sax Paris, LXR Hotels & Resorts opened its doors at the end of May, and TPG popped in there just after Bastille Day for a spontaneous stay on the city’s Left Bank. Here’s everything you need to know about Paris’ latest points hotel and how to make the most of a stay there.
First impressions
An ever-changing cast of well-heeled foreigners — some toting bags from fashion brands galore, others furtively issuing orders via mobile phones to unseen assistants — seems to play background characters in front of the 1899 former telephone exchange that has recently been transformed into the Sax. If you can tear your surreptitious gaze away from their antics, you might spot the golden dome of Les Invalides down one of the wide boulevards radiating from the hotel, and the spire of the Eiffel Tower in another direction down a leafy street.
Sharply dressed doormen do their best to match the right parties to the right Mercedes sedans, or to help the latest arrival wheel massive pieces of luggage that hark back to the monthslong ocean voyages of yore into the relatively diminutive reception area.
One of the check-in agents will surely compliment your high-school French as you complete the check-in formalities, then they will hop out from behind the standing desk to personally escort you to your chamber, pointing out the alfresco The Garden restaurant (and plunge pool) through the back door, or the sultry, chandelier-filled The Galerie lounge along the way before leading you under a ceiling mural by street artist Sto on the way to the elevators.
Rather than one of the city’s grande dame hotels, this feels more like a well-to-do residential building that you just happen to be calling home during your visit to Paris.
The rooms
For a hotel with so few rooms, the Sax Paris actually has a preponderance of room categories — I counted 18 on the booking page — which can make it hard to suss out exactly what you’re getting. However, there are just king and queen rooms in the starting Sax category, and these are the ones available for the fewest points, so that is likely what most guests will end up trying to book.
Thanks to my Hilton Honors Diamond status, I was upgraded a single category from a Queen Sax room to a King Deluxe room that was 280 square feet versus just 250 square feet. Though small, it was still spacious by Parisian standards and efficiently laid out.
Daily Newsletter
Reward your inbox with the TPG Daily newsletter
Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG’s experts
Anchoring the space was a sumptuously dressed king-size bed with crisp, white, monogrammed linens, flanked on both sides by marble-topped nightstands.
Rather than a headboard, the wall behind it was a window looking into the bathroom (albeit with electronic privacy blinds).
At the far side of the room, a wall of mirrored doors hiding the closet lent the space a more expansive feel while also reflecting the natural light from the wall of windows overlooking the hotel’s courtyard.
The room also held a marble breakfast table with two chairs — one wood, the other leather — providing a decent workspace. Next to this, the 55-inch flat-screen HDTV was mounted on a floor stand. The rough-hewn wooden minibar held a variety of specialty treats like savories and sweets from La Grande Epicerie and bottled cocktails from the Avantgarde Spirits Company.
1 of 2
ERIC ROSEN/THE POINTS GUY
To one side of the short corridor to the front door was a water closet containing an automated toilet.
To the other was the main bathroom, clad in gorgeous white marble with deep black veins and with a dual sink carved from dark marble. One quirk of this was that the hot water pipes seemed to run through the brass fixtures upon which the towels hung — an ingenious way of warming the linens, perhaps, but hot to the touch otherwise, so attention!
1 of 2
ERIC ROSEN/THE POINTS GUY
The walk-in shower had hand-held and overhead showerheads and pleasantly scented custom-made hair and skin products.
1 of 2
ERIC ROSEN/THE POINTS GUY
Contemporary but with nods to art deco and 1960s style, the room felt very chic and well laid out, if a tad on the small side for this price point.
Dining
The hotel has several dining and drinking establishments.
Those looking for a swinging scene should head straight to Kinugawa, a Japanese fusion restaurant with other outposts in Dubai, Morocco and St. Barts, among others, on the top floor, where a raft of hosts and hostesses stand ready to escort you to your table. Those around the central bar and the omakase counter are the liveliest, but the ones with Eiffel Tower views are the most coveted. All have plush pink velvet chairs and banquettes, though, with a potted palm or two thrown in for good measure.
1 of 5
ERIC ROSEN/THE POINTS GUY
There are tables outside on a small deck as well as one floor up via a spiral staircase (though this area was not yet ready for guests). Just a heads-up that this tends to be where the smokers congregate, so your panoramic view might come with wafts of smoke.
1 of 3
ERIC ROSEN/THE POINTS GUY
The menu is pricey, even by Parisian standards, with standout dishes like crispy rice with salmon, snow crab and avocado ($35); katsu duck cress salad ($30.50); a wagyu burger with yuzu kosho aioli ($47); and a variety of sushi rolls and sashimi, including ultrafresh spicy tuna ($25) and individual pieces of sweet crab ($8).
1 of 2
ERIC ROSEN/THE POINTS GUY
Kinugawa is also where breakfast is served from 7-10:30 a.m. daily. It was included as part of my Hilton Diamond benefits and featured an extensive buffet of pastries, fruit, cold cuts, juices and even Taittinger Champagne, plus a selection of a la carte dishes like avocado toast, brioche French toast and eggs made to order.
1 of 6
ERIC ROSEN/THE POINTS GUY
Guests looking for something more continental can sample the same menu whether dining in the lobby-adjacent all-day dining venue, Sax, or the tranquil courtyard restaurant, The Garden, which is also where you’ll find a small plunge pool, a Jacuzzi and a handful of loungers.
1 of 5
ERIC ROSEN/THE POINTS GUY
Among the signatures on offer are lobster gyoza ($27), mini grilled cheese ($20), a jamon de bellota platter ($40), Caesar salad ($35) and a club sandwich ($38), plus specialty cocktails like the heady Mr. Burns with Glasgow Blend whisky, Planteray O.F.T.D. rum, buckwheat tincture and Martini Rubino vermouth ($22).
With trellises, trees, tiled floors and umbrella-shaded tables, as well as a dramatic mirrored sculpture titled Rockstone, by artist Arik Levy, The Garden feels like a St. Tropez beach club transported to the city, while Sax is more luxe, with velvet chairs, crystal chandeliers and a black-and-white reproduction of Delacroix’s “Liberty Leading the People” on the ceiling.
1 of 4
ERIC ROSEN/THE POINTS GUY
Though not completely open while we were there, The Galerie is a sultry space opposite Sax with red velvet banquettes and slipper chairs, mirrored walls and ceilings, and fanciful Baccarat crystal chandeliers, all tinted red by the street-facing windows.
1 of 2
ERIC ROSEN/THE POINTS GUY
Amenities and service
- Two floors underground, the small fitness center has the latest Technogym fitness and cardio equipment and men’s and women’s locker rooms with steam rooms and saunas.
- The spa offers various massages and facials ranging from 45-90 minutes, and advance reservations are suggested.
- There is a small pool and Jacuzzi in The Garden, but lounge chairs are in limited supply.
- Staff members throughout the hotel could not have been friendlier, transitioning between French and English depending on what guests preferred, and ready to lend a hand with everything from luggage to directions.
1 of 4
ERIC ROSEN/THE POINTS GUY
Location and logistics
The Sax Paris, LXR Hotels & Resorts is on Avenue de Saxe in the 7th arrondissement of Paris. The surrounding area is a relatively quiet, upscale, residential area of the city, though the hotel is only a short walk to tourist-thronged spots like the Eiffel Tower and Les Invalides. There are plenty of Metro and bus stops nearby, so getting around the city via public transport is a breeze.
It’s relatively quick and inexpensive to get to the hotel from Paris-Charles de Gaulle Airport (CDG) via the RER B and Metro 10 line ($15) or a $50-$80 ride using Uber or Bolt, depending on the time of day and the type of car you prefer.
What it costs
Nightly rates at the Sax Paris, LXR Hotels & Resorts start at around $780 or 110,000 Hilton Honors points per night, with plenty of award availability, for rooms in the starting Queen Sax and King Sax categories.
That equates to a value of around 0.71 cents per point, which is slightly above TPG’s August 2025 valuation. Also consider that, during one of Hilton’s frequent sales of points with a 100% bonus, you could purchase points at a rate of 0.5 cents apiece, so 110,000 of them would cost you $550, which could end up saving you money on a stay.
The room to which I was upgraded, a King Deluxe, starts at around $840 per night.
When booking the Sax Paris, LXR Hotels & Resorts, try to use one of the credit cards that earn the most points for Hilton stays, or one that offers automatic Hilton Honors elite status for value-added benefits. These include:
- Hilton Honors American Express Surpass® Card: Earn 12 points per dollar spent on eligible purchases at Hilton hotels, automatic Gold elite status and the ability to upgrade to Diamond status through the end of the next calendar year by spending $40,000 on eligible purchases in a calendar year.
- The Hilton Honors American Express Business Card: Earn 12 points per dollar spent on eligible purchases at Hilton hotels, automatic Gold elite status and the ability to upgrade to Diamond status through the end of the next calendar year by spending $40,000 on eligible purchases in a calendar year.
- Hilton Honors American Express Card: Earn 7 points per dollar spent on eligible purchases at Hilton hotels and automatic Silver elite status (with an upgrade to Gold through the end of the next calendar year when you spend $20,000 on eligible purchases in a calendar year).
- Hilton Honors American Express Aspire Card: Earn 14 points per dollar spent on eligible purchases at Hilton hotels and automatic Diamond elite status.
The information for the Hilton Aspire Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Accessibility
The hotel’s public areas, including the lobby and restaurants, are accessible with wheelchairs, though the use of elevators is required in some cases, and these are on the small side.
The hotel has wheelchair-accessible rooms in the King Sax and King Prestige categories that have features such as more floorspace for easier wheelchair navigation, roll-in showers and toilet grab bars. As always, call the hotel directly to ensure you can book an accommodation that meets your specific needs.
Bottom line
Removed — but not far — from the Left Bank’s busiest tourist attractions in the sophisticated 7th arrondissement, Sax Paris, LXR Hotels & Resorts provides the refined backdrop for a relaxed stay in the French capital. It’s a welcome alternative to the city’s sometimes over-the-top luxury hotels. What’s more, it is readily bookable using Hilton Honors points, albeit at sky-high rates. Still, if you have the points to spare, they can save you quite a bundle on a Parisian getaway and open up a sometimes overlooked corner of the city for your exploration.
Related reading:
Hotels & Accommodations
Hotelogix powers over 400,000 hotel rooms across India – Media India Group
Hotels & Accommodations
Construction begins on new Fraser hotel set to open in 2027

Courtesy image
Ground was officially broken for the new SpringHill Suites Marriott Hotel in Fraser located at the intersection of Rendezvous Road and U.S. Highway 40 on Aug. 6, according to a news release.
The all-suite hotel features 103 units and will be the first Marriott-branded hotel in the Fraser Valley.
Hospitality real estate investment and advisory firm, WalshDupart, and real estate development company, Koelbel and Company, have teamed up for this project. WalshDupart’s work is focused on the Rocky Mountain region and Pacific Northwest.
Koelbel and Company is familiar with the area as developers of other massive projects like Rendezvous, Grand Elk and Arrow in the Fraser Valley. The news release states that the company has owned the land for the new hotel project for more than 20 years.
The SpringHill Suites will have a custom interior and exterior design meant to represent the history of the Fraser Valley, with references to fishing and ranching industries. Other plans for the hotel include an outdoor pool that faces the Continental Divide, a fitness center and a bar open to the public.
Currently, the hotel is scheduled to open in early 2027.
President and CEO of Koelbel, Carl Koelbel, said that the company waited for the right opportunity and ideal partner to develop the land.
The release states that the new SpringHill Suites will fill a “much needed” niche for hotels in Grand County. The closest Marriott properties are located in Frisco and Steamboat Springs.
Koelbel and Company sees Fraser and Winter Park are highly valuable mountain destinations due to the area’s significant growth including the substantial investments planned for Winter Park Resort by Alterra, the resort operator, to improve snowmaking infrastructure, expand skiable terrain and add new base areas. These improvements, once completed, would make Winter Park Resort one of the largest ski resorts in Colorado.
Furthermore, Fraser’s proximity to Rocky Mountain National Park, Grand Lake and countless wedding venues with no lodging made it a great candidate for the hotel’s location.
“In addition to year-round leisure demand generators, commercial growth in the Fraser Valley is significant, including the construction of a new hospital directly across the highway from the site,” the release reads.
Grant Dupart, principal at WalshDupart, said that he thinks this hotel will be an excellent investment due to the “minimal amount” of other high-quality hotels in the area. Dupart also gave thanks to the town of Fraser for its work in making the development a possibility.
The new hotel will be able to cater to a wide variety of travelers, from business travelers to entire soccer teams. SpringHill Suite units boast spacious suites with separate living and sleeping areas.
-
Brand Stories3 weeks ago
Bloom Hotels: A Modern Vision of Hospitality Redefining Travel
-
Brand Stories2 weeks ago
CheQin.ai sets a new standard for hotel booking with its AI capabilities: empowering travellers to bargain, choose the best, and book with clarity.
-
Destinations & Things To Do3 weeks ago
Untouched Destinations: Stunning Hidden Gems You Must Visit
-
Destinations & Things To Do2 weeks ago
This Hidden Beach in India Glows at Night-But Only in One Secret Season
-
AI in Travel3 weeks ago
AI Travel Revolution: Must-Have Guide to the Best Experience
-
Brand Stories1 month ago
Voice AI Startup ElevenLabs Plans to Add Hubs Around the World
-
Brand Stories4 weeks ago
How Elon Musk’s rogue Grok chatbot became a cautionary AI tale
-
Brand Stories2 weeks ago
Contactless Hospitality: Why Remote Management Technology Is Key to Seamless Guest Experiences
-
Asia Travel Pulse1 month ago
Looking For Adventure In Asia? Here Are 7 Epic Destinations You Need To Experience At Least Once – Zee News
-
AI in Travel1 month ago
‘Will AI take my job?’ A trip to a Beijing fortune-telling bar to see what lies ahead | China
You must be logged in to post a comment Login