The prominent Brisbane landmark for sale with vacant possession. The Sofitel Brisbane Hotel for sale by CBRE’S Michael Simpson, Tom Gibson and Wayne Bunz, jointly with McVay’s Real Estate, Dan McVay and Sam McVay.
Brisbane's largest single hotel With 416 rooms, including 37 suites located in prime CBD location above Brisbane's busiest
train station, Brisbane Central Station.
The Hotel boasts Brisbane's largest hotel conferencing facilities, 5 quality food and beverage outlets, high performance gym, outdoor pool, Day Spa and three leased retail tenancies.
Located on a significant site area of 7,432 sqm offering multiple refurbishment and repositioning options, together with vacant possession available on sale, if desired.
Steve Carroll, Head of Hotels & Hospitality, Capital Markets, Asia Pacific for CBRE, said recently in the CBRE 2022 Asia Pacific Hotels & Hospitality A Roadmap to Recovery Report, “In an evolving economic climate, daily pricing structure and flexibility of rate changes means hotels can provide an inflationary hedge. The loosening of border controls, rising tourist sentiment, and investors’ strong capital reserves are underpinning increased appetite for operational real estate, with well-located, high-quality hotel assets in key markets keenly sought after,”
Built in 1984, Brookfield Asset Management took control of the Brisbane hotel in April 2012 as part of a reported $410-million takeover of the listed Thakral Holdings that included a portfolio of five hotels.
For Sale by International Expressions of Interest Closing Thursday 17th November 2022 at 4.00pm (AEDT)
To request a copy of the Information Memorandum please contact one of the marketing agents CBRE’S Michael Simpson, Tom Gibson and Wayne Bunz, jointly with McVay’s Real Estate Dan McVay and Sam McVay, via the contact details below.
Related Reading:
Sofitel Adelaide for sale - CBRE Hotels & Savills | The Hotel Conversation
Iconic Cradle Mountain Lodge for sale by CBRE | The Hotel Conversation
Vacant Hotel Central Wellington NZ for sale by JLL | The Hotel Conversation
The Sebel Hotel Mandurah for sale - CBRE | The Hotel Conversation
Luxury Adelaide apartment holding to be sold in-one-line by Savills | The Hotel Conversation