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Article: Burswood Hotel sale nod.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 20, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sep 20, 2002 (The West Australian - ABIX via COMTEX)
In October 1997, Burswood Limited made Japanese businessman, Tiebo Ogino, an irrevocable offer to buy Burswood Hotel. The offer was able to be taken up between 1 January and 30 September 2002, and Ogino has done so, agreeing to a sale price of $A104m. Of that, $A37m has already been paid and the remaining $A67m will be paid in February 2003, when settlement occurs. The hotel has been operated by Burswood Nominees under a ...