A luxury Sydney hotel where INXS singer Michael Hutchence died is up for sale.
The Intercontinental Hotel Double Bay, known as the Ritz Carlton in the 1990s, launched just a year after it was sold to Melbourne-based developer Fridcorp for $180 million.
The hotel housed Princess Diana in 1996 before INXS frontman Michael Hutchence was found dead in room 524 the following year.
The luxury Sydney hotel where INXS lead singer Michael Hutchence died has hit the market just a year after it sold for $180 million.
A maid found Hutchence naked and dead behind the door of his hotel room in Sydney at around 11.50am on 22 November 1997.
A coroner ruled that the 37-year-old musician committed suicide by hanging himself while depressed and under the influence of alcohol and drugs.
The hotel has also hosted celebrities such as Madonna, Sir Elton John and Bill Clinton and was the place where former Australian Prime Minister Bob Hawke married his longtime lover Blanche d’Alpuget in 1995.
The luxury guest house housed Princess Diana in 1996 before INXS frontman Michael Hutchence was found dead in room 524 the following year.
The iconic hotel was previously owned by Chinese private equity group Shanghai United, which bought it in 2019 for $140 million.
Steven Chen, head of property company The Agency, arranged the sale of the 3,670 m² property for them.
The landmark’s price has tripled since it was bought as a vacant property for $60 million in 2013 by Singapore’s Royal Hotel Group, which renovated the site and added a rooftop pool and bar.
The hotel has also hosted celebrities such as Madonna, Sir Elton John and Bill Clinton and was the place where former Australian Prime Minister Bob Hawke married his longtime lover Blanche d’Alpuget in 1995.
The Royal Hotel Group spent millions of dollars renovating the dilapidated property, which sat unused for six years before being sold to Shanghai United eight years later.
The hotel opened in 1991 as the Ritz Carlton before being renamed Sir Stamford Double Bay in 2001, which lasted until 2009.
Five years later, the accommodation provider became the Intercontinental Sydney Double Bay.
The iconic hotel was previously owned by Chinese private equity group Shanghai United, which bought it in 2019 for $140 million.
Source: Daily Mail
Ashley Root is an author and celebrity journalist who writes for The Fashion Vibes. With a keen eye for all things celebrity, Ashley is always up-to-date on the latest gossip and trends in the world of entertainment.
