Ghassan Aboud will open the first Crystalbrook Collection hotel in Canberra in 2027 and is keen to take the Aussie-grown luxury brand overseas.
Dubai-based billionaire Ghassan Aboud is a step closer to turning his Crystalbrook Collection hotel empire into a national platform after securing his first accommodation site in Australia’s capital.An artist’s impression of the new Canberra hotel that Crystalbrook will operate.
For Mr Aboud, the Canberra hotel is the ninth Crystalbrook property in a $1 billion property portfolio put together over the past eight years. Crystalbrook’s expansion into Canberra comes as a consortium of investors led by property veterans Mervyn Basserabie, Allen Linz of Rebel Property Group and Eduard Litver of Capit.el Group agreed to pay more than $215 million for the Intercontinental Hotel in Double Bay with plans to reposition it as a mixed-use precinct.
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