JLL has been exclusively appointed to offer for sale The Olsen & The Cullen Hotels.
Situated in two of the most sought-after fringe CBD precincts, South Yarra and Prahran, The Olsen & The Cullen Hotels are freestanding freehold assets with exceptional guest offerings, benefit from leases to Accor until early 2026, and offer enormous future upside.
THE OLSEN - The Olsen is an upper-upscale hotel located near the landmark corner of Chapel Street and Toorak Road in South Yarra - 15-storey building comprising of 224 contemporary guest rooms and suites - Other amenities include: restaurant and bar, conference facilities, gymnasium, outdoor swimming pool, retail tenancies and basement parking.
THE CULLEN - The Cullen is an upper-upscale hotel prominently located in the vibrant neighbourhood of Prahran - 119 well-appointed rooms and suites along with conference facilities, gymnasium, four ground floor retail tenancies and basement parking.
With income certainty over the short term and phenomenal upside potential in the years ahead, the sale of The Olsen and The Cullen presents one of the most compelling Melbourne hotel investment opportunities in several years.
Offered for sale in-one-line or individually via Expressions of Interest closing Thursday 2 November 2023 at 2pm (AEDT).