Australia’s most significant private hotel investor, Dr Jerry Schwartz, will soon assume control of his 13th property, the Four Points Sheraton at Central Park in Sydney, and has pledged to donate first night profits to Australian farmers battling drought.
Dr Schwartz will take control of the 297-room hotel from Frasers Property Australia, which co-developed the hotel on Old Kent Brewery site near Central Station with Sekisui House.
It’s expected that up to $15,000 will be raised for the Aussie Helpers organisation and distributed to farmers.
The Schwartz Family Company is Australia’s largest privately owned hotel group with 12 (soon to be 13) hotels and 3000 rooms.
They are Rydges World Square, Rydges Central Sydney, Hotel Ibis World Square, Hotel Ibis King Street Wharf, Mercure Hotel Canberra, Mercure Hotel Sydney, Fairmont Resort Blue Mountains, Victoria Hotel Melbourne, Rydges Newcastle, Crowne Plaza Hunter Valley, Novotel Newcastle, Sofitel Sydney Darling Harbour and the new Four Points by Sheraton at Sydney Central Park.