97-103 Elizabeth Street Melbourne VIC 3000
- Hotel / Leisure
- 400 m²
- For 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.
|Floor Area||400 m²|
|Land Area||706 m²|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||20 Jun 2019|