Hotels For Sale – The Olsen & The Cullen Hotels
JLL Hotels & Hospitality has been exclusively appointed to offer for sale The Olsen & The Cullen Hotels, located in Melbourne, Victoria.
The Olsend and The Cullen are iconic Melbourne hotels that embody everything that makes Melbourne one of the world’s best cities.
Situated in two of the most sought-after fringe CBD precincts, South Yarra and Prahran, they are freestanding freehold assets with exceptional guest offerings, benefit from leases to Accor until early 2026 and offer enormous future upside.
The Olsen is an upper-upscale hotel located near the landmark corner of Chapel Street and Toorak Road in South Yarra. The 15-storey building comprises 224 contemporary guest rooms and suites, restaurant and bar, conference facilities, gymnasium, outdoor swimming pool, retail tenancies and basement parking.
The Cullen is an upper-upscale hotel prominently located in the vibrant neighbourhood of Prahran and boasts 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.
The Olsen and The Cullen are being offered for sale in-one-line or individually via Expressions of Interest closing Thursday 2 November 2023 at 2pm (AEDT).
To request more information please contact the exclusive selling agents, Peter Harper and Nick MacFie, from JLL Hotels and Hospitality.