IRIS BUYS ‘PROJECT’ PARRAMATTA HOTEL FOR $38m
Iris Group has kicked off 2016, purchasing a Parramatta hotel “as a development” for $38 million. Located a stone’s throw from Rosehill Racecourse, the Mercure Parramatta boasts 165 rooms atop a bar, recreation and function spaces. The Australian implied Iris paid too much for intentions to continue operation in its current form, and reported “sources” […]