Sold Hotel – Fraser Place Melbourne
JLL Hotels & Hospitality Group is delighted to have advised on the off-market sale and settlement of Fraser Place Melbourne.
The serviced apartment property was sold by Frasers Hospitality for $32.4 million.
Situated on Exploration Lane in the Melbourne CBD’s Parliament Precinct, an area that is undergoing a significant transformation, the property features 112 units, restaurant, gymnasium and rooftop terrace.
In what is another great transaction for the Melbourne market, owners should take confidence that there remains a high volume of traditional investors and alternative use groups seeking suitable opportunities. This is one of several deals in the city undertaken by JLL so far this year, and in each case an outstanding result was secured.
