JLL Hotels & Hospitality Group has been exclusively retained by Hilton Worldwide (together with its related bodies corporate, referred to as “Hilton Worldwide” throughout this document), to offer for sale the Hilton Sydney (the “Hotel”, “Property” or “Asset”).
The sale of the Hotel will be via a sale of Admiral Holdings Australia Pty Limited which indirectly owns a 100% interest in the Hotel.
Hilton Sydney is a landmark asset and considered one of Australia’s most elite hotels. Its revered market reputation is a result of its impressive guest offering, the benefit of a circa $190 million redevelopment which saw the Hotel re-open in 2005.
The five-star Property offers 579 rooms and suites, all very well appointed and featuring stunning vistas of Sydney’s CBD and surrounds. It also features some of the city’s finest dining and entertainment destinations including glass brasserie, an award winning 235-seat restaurant, bustling café and two popular upmarket bars.
Hilton Sydney is also one of Australia’s largest hotel convention and meeting venues, with over 4,000sqm of flexible floor space across four dedicated levels, enough to accommodate up to 3,000 delegates.
Other facilities include a premier health club with swimming pool, day spa and several prime retail tenancies fronting both George and Pitt Streets.
With a prestigious George Street address, Hilton Sydney benefits from close proximity to the city’s key corporate, leisure and conferencing demand drivers.
Sydney is the leading hotel trading market in Australia, boasting excellent fundamentals and a minimal new-supply outlook. Furthermore, several major infrastructure developments are currently underway which will further the city’s position as a global financial hub over the long-term. An incoming owner will therefore be well-placed to leverage the Hotel’s strong record of cash flow with future income growth potential over the coming years.
Offered for sale with the benefit of a long-term management agreement with Hilton Worldwide, one of the most recognised hotel brands in the industry, Hilton Sydney represents what is likely to be considered the last opportunity for some time to acquire a true trophy hotel asset in this highly sought after investment destination.