Holiday Inn Melbourne on Flinders - SOLD

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Sold for 46,700,000 AUD Date of Sale: May 2013
Rooms: 202
Price Per Room: 231,188 AUD
Property Id : 29190

The Holiday inn Melbourne on flinders opened in 1990 and features 202 guest rooms and suites of a four and a half-star standard, sirocco restaurant and bar, three function rooms, two meeting rooms, an outdoor pool, gym, sauna and a 32 bay car park.

Ideally situated at the heart of Melbourne’s CBD corporate growth precinct, the Hotel is in close proximity to a number of the City’s key demand generators including Docklands, Etihad Stadium, The Crown Casino Complex, Melbourne Convention Centre, Rialto Tower and Southern Cross Station. Melbourne is also a key commercial destination, home to many of the country’s largest corporations. As such, the area experiences consistent demand growth from the higher yielding business sector. With an excellent reputation, unrivalled location and strong trading profile, an incoming owner is well placed to capitalise on the Hotel’s future earnings potential.

Offered with the benefit of a management agreement with IHG, the sale of the Holiday inn presents an exceptional opportunity to acquire the freehold going concern interest in a leading 4.5 star hotel in one of Australia’s most sought after investment markets.

Mark Durran

Managing Director, Investment Sales Australasia
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