CBRE Hotels present a rare opportunity to acquire a quality mid-market hotel in Melbourne’s CBD, arguably Australia’s best performing hotel destination. CBRE Hotels has been retained exclusively by Kildair Hotels (Kingsgate) Pty Ltd as marketing agents in relation to the sale of the Ibis Styles Kingsgate, Melbourne, hereafter referred to as the “Hotel”. The Ibis Style Kingsgate Melbourne represents an exceptional opportunity for an investor to gain a significant foothold into Melbournes dynamic hospitality sector.
Ibis Styles Kingsgate Hotel is ideally located in Melbourne’s CBD, near Etihad Stadium and only a short walk from the Melbourne Exhibition Centre and Crown Entertainment Complex. Originally built in 1926, the hotel (formerly the Salvation Army Peoples Palace) was transformed into a 3 star hotel that opened in 1979.