Hilton Melbourne Airport Hotel (PARKROYAL Melbourne Airport) - SOLD

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Sold for 108,888,000 AUD Date of Sale: December 2010
Rooms: 276
Price Per Room: 394,522 AUD
Property Id : 30325

Built in 2001, the Property was the first and remains the only airport hotel in Australia to have direct connectivity with the terminal building. Situated atop of the Airport’s main car park, it has a commanding position opposite the Domestic and International Terminals and enjoys the benefit of no immediate competition in the upper tier market.

The Hilton Melbourne Airport hotel features 276 guest rooms and suites that all have panoramic views and are appointed to a level commensurate with the Hotel’s 4.5 star standard. Supporting guest facilities include a café, restaurant, bar, gymnasium, swimming pool and business centre. The Hotel also offers extensive convention and meeting facilities across 16 rooms on one dedicated floor.

Currently managed by Hilton Hotels and Resorts, the Property is available with vacant possession allowing total flexibility for an incoming purchaser to acquire a unique, strongly performing asset in one of Australia’s key hotel investment markets.

Mark Durran

Managing Director, Investment Sales Australasia
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