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SkyCity secures $221 million Grand Hotel sale for balance-sheet reset
6:30am on Friday 16th of October, 2026 AEDT
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Gaming and Hospitality
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SkyCity secures $221 million Grand Hotel sale for balance-sheet reset
6:30am on Friday 16th of October, 2026 AEDT
Key Points
$221 million conditional sale of The Grand Hotel and business assets
Binding agreement follows July’s non-binding heads of agreement
Settlement targeted for mid-December 2026, subject to conditions
SkyCity to operate the hotel under a transition arrangement until 30 June 2027
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