Jones Lang LaSalle Hotels has been retained exclusively by Kol Tov Pty Ltd (the “Owner” or “Vendor”), to offer for sale the Metro Hotel Sydney Central (the “Hotel” or “Property” or “Asset”) at 431 – 439 Pitt Street, Sydney, Australia.
The Metro Hotel Sydney Central features 220 guest rooms and suites together with a restaurant, bar and conference facilities for up to 200 guests. This substantial Property is situated at the southern end of the Sydney Central Business District (CBD) and just a short walk from major entertainment, corporate and shopping districts.
There are a number of major demand generators within the Hotel’s immediate vicinity including Capitol Theatre, Chinatown, Darling Harbour, Cockle Bay Wharf and World Square. The Hotel’s central location underpins its diverse mix of guests and contributes to the Property’s strong profitability.
In addition to its solid current trading profile, the Hotel exhibits strong growth potential as there is very limited planned supply of hotel rooms entering the Sydney market over the short to medium term. A new owner will not only benefit from Sydney’s positive market fundamentals but also through possible improvements to enhance the Asset’s profitability.