News

Issue No. 52 - April/May 2010

Meridien buy brings McCracken to city

McCracken Developments, an affiliate of the South Australian hospitality investor group, Country Club Hotels & Resorts, is selling its long-established McCracken Country Club near Victor Harbour after purchasing the Adelaide Meridien.

McCracken purchased leasehold interest in the North Adelaide property in March. CCH&R Chief Executive Officer, Andrew Bullock says the Meridien acquisition is a good opportunity for the investor group to expand its brand in metropolitan Adelaide.

McCracken Developments will spend about $1.5 million to upgrade the 95-room Melbourne Street landmark over coming months. It will be marketed as Adelaide Meridien Hotel & Apartments under the CCH&R banner. The lobby area and restaurant will be updated to create a café-style dining venue for guests and the general public.

McCracken Country Club went up for sale in March, with exclusive agents Aaron Desange and Peter Harper of Jones Lang LaSalle Hotels marketing the property in an internationa...

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