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97-103 Elizabeth Street Melbourne VIC 3000

  • Hotel / Leisure
  • Floor Size400 m²
  • PriceFor Sale, Contact Agent

IBIS BUDGET MELBOURNE CBD

  • Highly Efficient and Profitable Hotel
  • Internationally Renowned Operator
  • Prime CBD Location

CBRE Hotels are delighted to be exclusively appointed to offer for sale the Ibis Budget Melbourne.

Property features and investment highlights include:

- Highly efficient three star hotel with 146 guest rooms.

- Prime Melbourne CBD location in close proximity to major demand generators.

- Operated by AccorHotels, Australia's largest hotel Management Company.

- Major refurbishment was undertaken in the last three years and more recently further capex including the replacement of lifts.

- Strong and growing trading performance with excellent profit margins and immediate potential for further trading upside following refurbishment.

- Melbourne is a highly sought international gateway city. Its strong accommodation market is driven by diverse demand segments and a mixture of major sporting, cultural and business events.

The sale of the Ibis Budget Melbourne CBD represents an opportunity to enter the tightly held Melbourne hotel market through a strongly performing hotel.

For Sale by Expressions of Interest closing 4pm (AEST) Thursday 25 July 2019.

Property Highlights

Property ID2015386612
Floor Area400 m²
Land Area706 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  20 Jun 2019
Map for 97-103 Elizabeth Street Melbourne VIC 3000
CBRE Hotels
Level 21 363 George Street Sydney NSW 2000

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