AccorInvest is selling a portfolio of 23 real
estate assets and lease interests in Australia.
portfolio encompasses 17 real estate assets comprising 1,797 rooms
of which four are branded as ibis hotels and the other 13 ibis
Budget hotels. Notable assets include the ibis Hotel & Apartments
Melbourne, ibis Sydney Airport, ibis Budget Sydney Olympic Park
and ibis Newcastle.
The six lease interests include The COMO
Mgallery by Sofitel in Melbourne, the Novotel, Mercure and ibis
hotels in Brisbane and the Mercure and ibis hotels in Perth. All
hotels within the Portfolio are currently operated by AccorHotels,
Australia’s largest hotel management company, under hotel
JLL Hotels & Hospitality Group’s Craig Collins
and Peter Harper are handling the sale of the portfolio.
Craig Collins, CEO Australasia, JLL Hotels &
Hospitality Group, said “Never before has an offering of this
nature been presented to the open market in Australia. The pure
scale of this portfolio and its diversity – in terms of location,
market positioning and income profile - presents investors with an
opportunity to immediately establish an unparalleled foothold in
one of Asia Pacific’s most highly sought after hotel investment
destinations. Economy hotels are a highly proven and
successful hotel model in the Australian market. Their typically
low operating costs and high level of profitability make them very
Peter Harper, Executive Vice President, JLL
Hotels & Hospitality Group said, “All of the real estate assets in
the portfolio are well established in their respective markets and
occupy approximately a combined 54,500sqm of land. Furthermore,
there is significant potential for both trading and capital value
upside as, in addition to ibis Melbourne Hotel & Apartments and
Ibis Sydney Airport in particular, a number of assets are
positioned in key economic growth areas. The sale offering comes
at a time when the Australian hotel market is experiencing
unprecedented investor interest and we expect that a wide range of
groups will be drawn to the very attractive fundamentals of the
individual hotels and Portfolio as a whole.”
The AccorInvest Australian Hotel Portfolio is
being offered for sale by Expressions of Interest.
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