1 Hosking Place, Sydney (Former Adina Martin Place) - SOLD

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Sold for 26,000,000 AUD Rooms: 49
Price Per Room: 530,612 AUD
Property Id : 31679
Land Tenure: Stratum Freehold (100% Ownership of Hotel Site)
Year Opened: 1998
Management: Vacant Possession

CBRE Hotels is proud to have sold 1 Hosking Place – a 49-key serviced apartment hotel with vacant possession located at the very core of Sydney’s CBD.

Formerly operated as the Adina Martin Place, the Hotel occupies a highly strategic laneway location between Pitt and Castlereagh Streets, within steps of Martin Place and numerous corporate and leisure demand generators, including Duetsche Bank Place, Chifley Tower, Pitt Street Mall and Circular Quay.

The Hotel was offered for sale in-one-line, with all 49 units forming the freehold stratum of 1 Hosking Place. The Property features strong trading history reflecting an average occupancy above 91% and provides a high margin cash-flow asset with no general food and beverage amenity. Rooms are generously sized at an average of 55 square metres, which include a mix of 42 one- bedroom units and 7 studio apartments – most with balconies.

Offered with vacant possession.

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Tom Gibson

Director, Capital Markets
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