The Ibis Styles Canberra Eagle Hawk is a 4 star AAA rated accommodation hotel asset. The property comprises 151 guest rooms (190 keys), a restaurant & bar, café, six function rooms capable of catering to over 400 people, gymnasium, sauna and spa, outdoor swimming pool, two tennis courts, covered BBQ area and children’s play area; and parking for over 200 vehicles.
Set on a huge freehold landholding spanning over 6.5 hectares, the property is unique in that it is the only resort style hotel asset located in the Canberra region. Located on the Federal Highway as Canberra Airport’s closest hotel, the property boasts a solid corporate demand base, while also being uniquely positioned to cater to the education/group/domestic conferencing/leisure markets to realise further revenue growth from this established business.
The asset boasts a strong consistent trading history and also offers numerous value add opportunities to further grow the business. As a significant freehold landholding, the asset offers potential for further density, be it a complimentary tourist use or alternate use to capitalise on the ever-increasing residential demand of this rapidly growing region.
Hotels in Canberra have been tightly held for many years and have enjoyed strong performance off the back of a buoyant local economy and calendar of events, as well as little to no new competing supply entering the market. The four star corporate market continues to perform well around Australia with well located hotels such as the Ibis Styles Canberra Eagle Hawk being viewed as fundamentally sound investments.