Shayher Group closes in on $200m acquisition of Melbourne’s Park Hyatt hotel Melbourne’s Park Hyatt Hotel is close to being sold for $200m in the largest commercial deal in the city in 12 months.

There are still only two truly luxury “six star” hotels in Melbourne – the relatively new Ritz-Carlton at one end of the city, and the Park Hyatt at the other.

There are still only two truly luxury “six star” hotels in Melbourne – the relatively new Ritz-Carlton at one end of the city, and the Park Hyatt at the other.

Melbourne’s Park Hyatt Hotel is close to being sold for $200m in the largest commercial deal in the city in 12 months, as a giant Taiwanese apartment developer looks to bulk up its Australian ...