CTFE and FEC completed the acquisition of Treasury Brisbane Hotel and Carpark from Star Entertainment Group for $175m.

CTFE, a flagship private investment holding company of the Cheng Family in Hong Kong, and FEC, a property development company that offers hotel, parking and facility management, completed the acquisition of Treasury Brisbane Hotel and Carpark, a development of large-scale integrated resort, hotel and entertainment assets, from Star Entertainment Group, an Australian gaming and entertainment company, for $175m.