The 115-room hotel enjoys an outstanding location in the centre of the Sydney CBD, with the major tourism landmarks (Centrepoint Tower; Sydney Opera House; Sydney Harbour Bridge; Darling Harbour; China Town; Australian Museum; Oxford Street; Hyde Park; and Town Hall) just a short stroll away – making it the ideal location for both corporate and leisure visitors. The Sydney hotel market has been tightly held in recent years with few offerings in Australia’s gateway city. The Metro on Pitt represents a rare opportunity to enter the Sydney hotel market via the acquisition of this quality, mid scale, four star boutique hotel.
The hotel is currently operated by Transmetro Corporation Pty Ltd (Transmetro) who would be receptive to an ongoing role. Alternatively, the hotel could be acquired with vacant possession, providing owner operator or re-branding opportunities.