Schwartz Family Company, a family-owned hospitality business, has acquired Leura Gardens Resort in Leura, New South Wales (NSW), Australia.
The acquisition from Elanor Hotel Accommodation Fund is expected to solidify the Schwartz Family Company’s presence in the Blue Mountains region.
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Leura Gardens Resort, now the 15th establishment in the Schwartz hotel network, was purchased for A$25m ($16.3m).
The resort, which has recently undergone renovation, is situated on four and a half acres of landscaped gardens and features 92 rooms.
It provides a variety of accommodation options, including studio, family, and self-contained apartments.
Leura Gardens Resort’s amenities, which include a solar-heated outdoor swimming pool, fitness room, guest lounge, and an on-site restaurant, cater to both leisure and business travellers.
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By GlobalDataIt is also known for its grounds and multiple conference and event spaces, making it ideal for weddings, events, and corporate retreats.
The property is near to Leura Golf Course and the village of Leura, which serves as the gateway to the World Heritage-listed Blue Mountains National Park.
With the acquisition, the hotel will now operate alongside Fairmont Resort and Leura Golf Course, creating one of the most comprehensive conference and event venues in regional NSW.
Schwartz Family Company director Jerry Schwartz said the hotel purchase was well timed with the announcement that the NSW Blues rugby team would establish a training base in the Blue Mountains, using the facilities at both the Fairmont and Leura Gardens.
Schwartz said: “The Blue Mountains is Sydney’s holiday playground and one of the most popular destinations for weddings, retreats, leisure groups, conferences and events, and by bringing these three venues together, we can offer a complete tourism solution.”
“Leura Gardens Resort’s 3.5-star accommodation will complement the 4.5-star accommodation at the Fairmont while we can also offer multiple different venues for functions along with the renowned outdoor activities that the Blue Mountains is famous for.”
