Fairmont Resort & Spa Blue Mountains – MGallery by Sofitel - SOLD

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Sold for 26,000,000 AUD Date of Sale: October 2010
Rooms: 210
Price Per Room: 123,810 AUD
Property Id : 29256

Located less than two hours from Sydney on the cusp of the World Heritage listed Blue Mountains, the Resort stands out amongst the spectacular scenery, flanked by the Jamison Valley, gardens and lakes and the Leura Golf Course. Resort facilities include 210 deluxe rooms, 15 conference rooms, two restaurants, a bar, numerous recreational facilities and extensive car parking.

With its prime position and excellent offering, the Resort attracts a wide variety of guests including weekend escapes for couples, families and groups holidays, as well the MICE market mid week.

The Resort is located on the outskirts of Leura, which is noted for its cafes, galleries and specialty shops. It is also within close proximity to the numerous demand generators which make the Blue Mountains one of the most popular tourist destinations in New South Wales.

The sale of the Resort provides the opportunity to acquire an iconic resort with vacant possession of management at a significant discount to replacement cost. Furthermore, an incoming purchaser will have the opportunity to reposition the Property and take advantage of rebounding trading market conditions.

Of note, a lapsed development consent has been granted for an additional 80 apartments on the 9.4ha freehold site.

Mark Durran

Managing Director, Investment Sales Australasia

Peter Harper

Managing Director, Head of Investment Sales Australasia
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