Tycoon Jerry Schwartz expands in Blue Mountains with $25m resort play

Tycoon Jerry Schwartz expands in Blue Mountains with $25m resort play Australia’s largest private hotel owner Jerry Schwartz has swooped on the Leura Gardens Resort property near Sydney’s Blue Mountains, paying about $25m. Dr Schwartz said the purchase of the property near his luxury Fairmont Resort was a “no-brainer” for introducing better synergies into the Schwartz Family Company group of hotels, which has a spread of assets on the eastern seaboard. The vendor was the unlisted Elanor Hotel Accommodation Fund, …