CBRE Hotels and City Sales are pleased to offer you the chance to own an exceptional freehold hotel investment at 636 Bourke Street, Melbourne; also known as the Alto Hotel on Bourke. This boutique hotel is a rare opportunity, consisting of 50 rooms and an eco-friendly design with the following key features:
– A premium 4 Star modern hotel boasting an average occupancy rate of approximately 94% per annum and average room rates well above Melbourne standards.
– Proven and strategic location surrounded by Southern Cross Station, Crown Casino, SkyBus and Melbourne’s best corporate headquarters.
– Secure net income of $813,000 per annum (as of January 2016) with fixed 3.5% annual increases and options until 2042.
– Australia’s first and only 6 Star NABERS Energy Rated Hotel being recognised as a true market leader.
– Multi-award winning hotel business including recognition in the Victorian Tourism Awards Hall of Fame.