JLL Hotels & Hospitality Group has been exclusively retained by HHR Conventions Pty. Ltd. (“Vendor”) to offer for sale the Hilton Melbourne South Wharf (the “Hotel”, “Property” or “Asset”).
One of Australia’s most modern five-star hotels, the Hilton Melbourne South Wharf is an icon of Melbourne’s Southbank precinct. Its market reputation as one of Melbourne’s leading hotels is a result of its guest offering, excellent position and a record of trading growth and profitability since opening in 2009.
The five-star Hotel offers 396 contemporary guest rooms and suites with design inspired by its location’s maritime history, featuring vistas of the Yarra River, Melbourne CBD and Port Phillip Bay. Key amenities include a large and flexible executive lounge, 24-hour fitness centre, exclusive meeting & conference space, the inviting Dock 37 Bar and Kitchen and the convenient Caffe Cino.
Hilton Melbourne South Wharf is the only property that has direct access to the adjoining Melbourne Convention and Exhibition Centre (MCEC) and has a working partnership with the MCEC, underpinning substantial hotel demand. Ideally located, Hilton Melbourne South Wharf benefits from proximity to Crown Casino, the growing Docklands precinct, Etihad Stadium and the Melbourne Central Business District.
The Melbourne hotel investment market is one of the most tightly held in the Asia Pacific region. Melbourne’s accommodation market has continued to trade at strong levels, with robust RevPAR growth expected to continue. Further growth in the city’s already deep calendar of events, and completion of future tourism infrastructure projects, will continue to increase demand for accommodation nights. An incoming owner will be well-placed to enjoy the Hotel’s strong existing cash flow with excellent fundamentals for growth over the coming years.
Offered for sale with the benefit of Hilton Worldwide management–one of the most recognised hotel brands in the industry–Hilton Melbourne South Wharf represents a truly rare opportunity to enter the Melbourne five-star hotel market.