Novotel Melbourne on Collins is one of Melbourne’s pre-eminent CBD hotels, offering 380 guest rooms and suites, nine dedicated conference & event spaces, restaurant & bar, pool and gymnasium. It forms part of a larger landmark mixed-use development which also includes the near completed St. Collins Lane luxury retail shopping centre.
As a consequence of its excellent guest offering and ability to capture demand from a number of key source markets, the Hotel exhibits a robust trading profile with outstanding performance metrics.
The Hotel is currently operated by AccorHotels, Australia’s largest hotel operator. Under AccorHotels management, the Hotel has historically benefited from extensive sales and marketing and distribution channels. Vacant possession upon sale is attainable affording the opportunity for rebranding and/or repositioning given the Hotel’s excellent fundamentals.
Melbourne’s upscale hotel investment market is one of the most tightly held in the Asia Pacific region. The City’s world renowned calendar of events, strong cultural and sporting offering alongside its place as a major Asia Pacific corporate hub drives demand for hotel accommodation. Melbourne’s growth as a global city and substantial pipeline of infrastructure projects signals positive signs for the city’s future.
Given the rarity of such offerings, the sale of Novotel Melbourne on Collins presents an exceptional opportunity to gain investment representation in this renowned market through a well positioned 4.5 star hotel*.
Novotel Melbourne on Collins is offered to market as a 100% direct real estate transaction.
* Star Ratings Australia