CBRE Hotels are pleased to present for sale the Action Australia Hotels Portfolio, comprising the Novotel Melbourne South Wharf, Ibis Glen Waverly and Ibis Budget Melbourne Airport.
Key investment highlights: The near-new NMSW, comprising 347 rooms and suites, co-located with Melbournes most active demand-driver the Melbourne Convention and Exhibition Centre.
The IGW, comprising 155 rooms and suites, situated in the heart of the thriving Glen Waverley precinct in close proximity to City of Monash businesses, the Century City retail centre and dining precinct, as well as Monash and Deakin Universities.
The IBMA, a 73 room budget hotel situated less than 500 metres from Melbourne Tullamarine Airport A significant site area of 10,442sqm* with major further development potential which is supported by the local councils vision for the precinct.
All of the properties are operated under management agreement with Accor, Australias leading hotel operator with over 350 hotels in Australia, New Zealand and the Pacific.
The properties are being sold individually or in one line via international expressions of interest closing Monday 1st of March 2021 at 5:00pm (AEST).
