Four Points by Sheraton Central Park - SOLD

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Sold for 156,000,000 AUD Rooms: 297
Price Per Room: 525,253 AUD
Property Id : 29075

JLL Hotels & Hospitality Group has been exclusively appointed to offer for sale the Four Points by Sheraton Sydney, Central Park – located near Sydney’s emerging Sydney Innovation and Technology precinct.

The Four Points by Sheraton Sydney, Central Park features 297 guest rooms including 45 suites, together with a bar, restaurant, fitness centre, 50 dedicated car parking spaces and 551 sqm of conference and meeting space.

The Property is prominently located at 88 Broadway, Chippendale and forms part of the massive Central Park mixed-use development. It is also located close to a large number of major demand drivers, including major corporate occupiers, University of Technology Sydney, vibrant Chinatown, Surry Hills, University of Sydney, University of Notre Dame and the Darling Harbour convention and entertainment precinct. Nearby public transport facilities include Central Station, one of the main public transport hubs in Sydney. This station services trains, buses, the recently opened light rail and will service the forthcoming metro, which is currently under construction.

Operated by Marriott International, the Hotel benefits from membership to its large distribution system and Marriott’s global hotel loyalty network, Marriott Bonvoy. Marriott International is the largest hotel company in the world and currently manages 30 brands and over 7,400 hotels in 134 countries.

The Sydney accommodation market remains one of Asia Pacific’s best long-term tourism destinations and has historically outperformed all other Australian capital cities. Existing full-service upscale hotels in central Sydney remain tightly held and thus opportunities to enter this highly sought-after, globally recognised market remain very rare.

The Four Points by Sheraton Sydney, Central Park is being offered for sale via Expressions of Interest, providing an unrivalled opportunity to acquire a brand new, purpose-built hotel asset in Australia’s most coveted hotel investment destination. For further information, please contact the exclusive agents, JLL Hotels & Hospitality Group.

Mark Durran

Managing Director, Investment Sales Australasia
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