Brassey of Canberra (Brassey Hotel Canberra) - SOLD

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Sold for 7,200,000 AUD Date of Sale: June 2015
Rooms: 75
Price Per Room: 96,000 AUD
Property Id : 29134

JLL and JLL’s Hotels & Hospitality Group have been exclusively retained by Brassey House Pty Ltd (the “Owner”) on a sole and exclusive basis to offer for sale the The Brassey of Canberra (the “Hotel” or “Property” or “Asset”).

Superbly located on the edge of the Parliamentary Triangle in Barton the Property is minutes from many national attractions including Parliament House, The National Gallery, National Library, Questacon, High Court of Australia and the Australian War Memorial.

The Hotel is ideally positioned close to Lake Burley Griffin, Kingston Foreshore and popular boutique café and retail outlets in Manuka and Kingston.

The Brassey of Canberra features 75 wellappointed guestrooms, a ground floor restaurant and bar, conference facilities, extensive car parking and is surrounded by very established landscaped gardens.

Rich in history, the hotel was established in 1927 as accommodation for members of parliament and senior public servants. Today it is considered one of Canberra’s most authentic heritage hotels.

The rare combination of a prime location in the Parliamentary Precinct, historical significance and the Hotel’s enduring reputation for service, provides the opportunity for The Brassey of Canberra to become one of Canberra’s premier boutique accommodation facilities.

Offered with Vacant Possession, The Brassey of Canberra offers an incoming purchaser an excellent branding or owner-operator opportunity with the ability to reposition the Asset and significantly improve financial returns.

Mark Durran

Managing Director, Investment Sales Australasia

Andrew Langsford

Senior Vice President, Australasia
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