CBD Hotel opportunity in Australia's most sought after hotel market - the new Hotel Vibe Darling Harbour Sydney is for sale through Craig Collins CEO Australasia and Andrew Langsford Senior Vice President JLL Hotels & Hospitality Group.
JLL Hotels & Hospitality Group is pleased to offer for sale one of Sydney’s newest hotels, Vibe Hotel Darling Harbour, located at 319-325 Sussex Street, Sydney.
Scheduled to open in September 2019, this luxurious 4.5-star Sydney CBD Hotel features 145 modern guest rooms, together with ‘The Sussex Store’ restaurant, ‘Above 319’ - a landmark rooftop bar, and heated swimming pool, capturing city skyline and Darling Harbour views. The guest rooms will feature an array of New York-inspired amenities including curved rainfall showers, embedded window day lounges and retro bathroom fixtures.
“Situated between the CBD core and Darling Harbour, the Property is set to capitalise on its strategic location and proximity to the majority of the city’s world-class tourism attractions, accommodation demand generators and tourism infrastructure investment, such as Darling Harbour, CBD Light Rail and ICC Sydney” said Andrew Langsford, Senior Vice President of JLL Hotels and Hospitality Group.
Only a four-minute walk from Town Hall Train Station, guests will be easily connected to the wider metropolitan region of Sydney. At the Hotel’s doorstep are a range of entertainment and dining venues including World Square Shopping Centre, Chinatown’s many renowned eateries, as well as the Queen Victoria Building and the University of Technology Sydney.
The Hotel was designed by award winning architecture firm WMK and developed by experienced Sydney based developer - Icon Oceania, the group also behind ‘Calibre’ Surry Hills, a luxury residential development which was designed by award winning architect, Koichi Takada.
Icon Oceania Director Nico Tjen, said, “Vibe Darling Harbour presents a brand new hotel, in an asset class where opportunities are few and far between. We identified Darling Harbour precinct as an area of further growth due to the significant public and private investment pipeline over the coming years. The hotel was designed with excellence in mind and will make a lasting impression on the Sydney accommodation sector. “
“The venue includes two amazing F&B outlets, The Sussex Store Restaurant and Above 319 rooftop bar. Above 319 is a fun and playful venue to socialise, interact and soak up the sights and sounds that Sydney has to offer.”
Operated under a management agreement with TFE Hotels, the Property will enjoy the marketing and distribution networks of an international hotel group with exceptionally strong representation throughout Australia. TFE Hotels comprises 73 hotels with 10,374 keys across Australia, New Zealand, and Europe.Craig Collins, CEO Australasia of JLL Hotels and Hospitality Group, said: “This offering presents the first opportunity to purchase a brand new major hotel in the Sydney CBD since the sale of the Four Points by Sheraton Sydney Central Park in 2017. There were many hotel transactions in Sydney between 2013 and 2016, however since then there has been very limited opportunity to acquire a Sydney hotel. The majority of Sydney owners love their hotels and have no intention of selling over the medium term. Considering this, interest in this hotel should be strong as the next opportunity to acquire a similar hotel may be some time away.”
The Vibe Hotel Darling Harbour is being offered for sale via Expressions of Interest closing 12 September 2019. For further information, please contact JLL Hotels & Hospitality Group.
For more information phone or email Craig Collins CEO Australasia or Andrew Langsford Senior Vice President JLL Hotels & Hospitality Group via the contact details below.