Pro-invest Group, a global investment firm, has acquired the Primus, a Sydney-located luxury hotel, in its first significant hotel transaction since the onset of the COVID-19 pandemic. The purchase, which will complete in August, was negotiated through JLL Hotels and Hospitality Group managing director Mark Durran.

“The future Pitt St underground metro station adjacent to the hotel and the George St light rail is close by, whilst further south the emerging technology hub around central station is set to be a catalyst for the revitalisation of the hotels surrounding precinct,” said Durran.

“We are delighted with this purchase as it represents Pro-invest’s first hotel in the Sydney CBD as well as our first property in the luxury sector,” said Pro-invest chairman Ronald Barrott.