BLACKSTONE is tipped to secure a $574 million-plus hotel portfolio from its private equity rival Brookfield as the pair continue to dominate local real estate. Canada's Brookfield is selling five hotels as it recasts plans for the $1 billion-plus Wynyard redevelopment in central Sydney. Sources say the project will likely make a "grand statement" and feature a dynamic office skyscraper in line with other landmark projects the group has embarked on globally.

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