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SkyCity Signs Heads of Agreement to Sell The Grand Hotel
6:30am on Wednesday 22nd of July, 2026 AEST
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SkyCity Signs Heads of Agreement to Sell The Grand Hotel
6:30am on Wednesday 22nd of July, 2026 AEST
Key Points
Non-binding agreement signed for The Grand Hotel sale
Transaction subject to due diligence and Overseas Investment Office approval
Completion and cash proceeds expected in late 2026
Proceeds earmarked for debt reduction and financial flexibility
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