Mantra Wollongong - SOLD

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Sold for 7,100,000 AUD Date of Sale: April 2014
Rooms: 52
Price Per Room: 136,538 AUD
Property Id : 30619

CBRE Hotels were pleased to offer the opportunity to acquire the Mantra Wollongong – 42 apartments together with the management rights for the entire complex. The Mantra Wollongong is a 4.5 star hotel operated by the Mantra Hotel Group with Vacant Possession upon sale. The hotel is located just over an hour from Sydney and is a popular weekend getaway destination and has strong mid-week corporate demand. The offering includes 42 x one and two bedroom apartments, manager’s residence, meeting facilities, gymnasium and the management rights to the entire complex of 52 apartments and the restaurant breakfast room.

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