LONDON-The Park Hyatt Sydney Hotel, located on the edge of Sydney Harbour and one of the city’s landmark buildings, has been put on the market.

US-based owners Maritz, Wolff & Co has appointed Jones Lang LaSalle Hotels (JLL) to seek expressions of interest in one of Australia’s most prestigious hotels.

The hotel is expected to attract a range of potential buyers including traditional hotel investors, high net worth individuals and hotel owner operators. JLL is not quoting a price but industry insiders expect the Hyatt to sell for more than £14.2 million ($21.9 million).

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