AccorInvest to sell Australian hotel portfolio

AccorInvest to sell Australian hotel portfolio
AccorInvest to sell Australian hotel portfolio

One of Australia’s largest hotel portfolios will soon be placed on the market by AccorInvest.

The AccorInvest hotel portfolio is made up of 23 real estate assets and lease interests located across Sydney, Melbourne, Canberra, Brisbane and Perth, together with several major regional cities.

JLL Hotels & Hospitality Group’s Craig Collins and Peter Harper are handling the sale.

The AccorInvest Australian Hotel Portfolio encompasses 17 real estate assets comprising 1,797 rooms of which four are branded as ibis hotels and the other 13 ibis Budget hotels. Notable assets include the ibis Hotel & Apartments Melbourne, ibis Sydney Airport, ibis Budget Sydney Olympic Park and ibis Newcastle. 

The six lease interests include The COMO Mgallery by Sofitel in Melbourne, the Novotel, Mercure and ibis hotels in Brisbane and the Mercure and ibis hotels in Perth. A full overview of the Portfolio is provided overleaf.

All hotels within the Portfolio are currently operated by AccorHotels, Australia’s largest hotel management company, under hotel management agreements. 

“Never before has an offering of this nature been presented to the open market in Australia," Craig Collins, CEO Australasia, JLL Hotels & Hospitality Group, said.

"The pure scale of this portfolio and its diversity – in terms of location, market positioning and income profile - presents investors with an opportunity to immediately establish an unparalleled foothold in one of Asia Pacific’s most highly sought after hotel investment destinations.

“Economy hotels are a highly proven and successful hotel model in the Australian market.

"Their typically low operating costs and high level of profitability make them very attractive investments,” Collins added.

Peter Harper, Executive Vice President, JLL Hotels & Hospitality Group said the portfolio occupy a combined 54,500 square metres of land.

AccorInvest Australian Hotel Portfolio: 

Property

Location

State

Tenure

Rooms

Ibis Budget Canberra

15 Tay Street, Watson (pictured top)

ACT

Ground Lease

75

Ibis Budget Campbelltown

3 Rennie Road, Campbelltown

NSW

Freehold

72

Ibis Budget Casula Liverpool

437 Hume Highway, Casula

NSW

Freehold

74

Ibis Budget Coffs Harbour

1A Mclean Street, Coffs Harbour

NSW

Freehold

70

Ibis Budget Dubbo

Victoria Street & Newell Hwy, Dubbo

NSW

Freehold

65

Ibis Budget Enfield

626-628 Liverpool Road, Strathfield South

NSW

Freehold

80

Ibis Budget Newcastle

3-5 Thomas Street, Wallsend

NSW

Freehold

79

Ibis Budget St Peters

178 Princes Highway, St Peters

NSW

Freehold

105

Ibis Budget Sydney Olympic Park

8 Edwin Flack Avenue, Sydney Olympic Park

NSW

Ground Lease

156

Ibis Budget Wentworthville

377-383 Great Western Highway, Wentworthville

NSW

Freehold

102

ibis Newcastle

700 Hunter Street Newcastle West

NSW

Freehold

97

Ibis Sydney Airport Hotel

205 O'Riordan Street, Mascot

NSW

Freehold

200

Ibis Thornleigh

208-212 Pennant Hills Rd, Thornleigh

NSW

Freehold

105

Ibis Budget Brisbane Airport

18 Navigator Place, Hendra

QLD

Freehold

93

Ibis Budget Dandenong

185-193 Princes Highway, Dandenong

VIC

Freehold

71

Ibis Budget Fawkner

1399 Sydney Road, Fawkner, Victoria

VIC

Freehold

103

Ibis Melbourne Hotel & Apartments

15-21 Therry Street, Melbourne

VIC

Freehold

250

The COMO Melbourne - Mgallery

630 Chapel Street, South Yarra

VIC

Leased

110

Mercure Perth

10 Irwin Street, Perth

WA

Leased

239

Ibis Perth

334 Murray Street, Perth

WA

Leased

192

Novotel Brisbane

200 Creek Street Brisbane City

QLD

Leased

296

Ibis Brisbane and Mercure Brisbane

16 Ann Street, Brisbane City

QLD

Leased

412

Tags: 
Hotel Accorinvest

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