Moelis Australia to acquire Kinselas and Courthouse Hotels for $67 million

SYDNEY: Moelis Australia Limited (MOE:ASX) has exchanged contracts to acquire the Kinselas Hotel and the Courthouse Hotel for $67 million, excluding transaction costs. The two adjoining properties combine to create a prominent development opportunity in Taylor Square, Darlinghurst, Sydney. The Kinselas Hotel and the Courthouse Hotel will be acquired by the MA Taylor Square Fund…