Stamford Land exits Sir Stamford hotel business after divestment
Stamford Land Corporation Ltd has exited the hotel business at Sir Stamford at Circular Quay, Sydney, after divesting the property. The asset contributed 5.4% of group profit before tax and 7.6% of revenue in H1 FY2026. The cessation has no impact on net tangible assets, and the group will no longer recognize earnings from the hotel, reflecting a streamlined portfolio focus. The handover completes Stamford Land's exit from hotel operations at the Circular Quay property, reinforcing its strategic repositioning.
The asset contributed 5.4% of group profit before tax in H1 FY2026.
Stamford Land Corporation Ltd ceased hotel operations at the Sir Stamford at Circular Quay, Sydney, following the handover of the property on 14 November 2025.
The hotel had been divested in FY2023, with no impact on the group’s net tangible assets from the cessation.
The property contributed 5.4% of group profit before tax and 7.6% of revenue in H1 FY2026. Stamford Land will no longer recognise earnings from the hotel after the handover, reflecting a streamlined portfolio focus.
The group confirmed that no directors or substantial shareholders have interests in the cessation beyond their shareholdings. Stamford Land had previously disclosed the divestment in filings between August 2022 and January 2023.
The handover completes Stamford Land’s exit from hotel operations at the Circular Quay property. The group’s earnings profile will now exclude contributions from the asset, reinforcing its strategic repositioning.
