Novotel Oasis Cairns - SOLD

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Sold for 48,080,000 AUD Date of Sale: July 2016
Rooms: 314
Price Per Room: 153,121 AUD
Property Id : 30471

THE LARGEST LANDHOLDINGS IN CAIRNS CBD

• Largest landholding (1.23* hectares) in Cairns CBD, offers further development potential (STCA).

SECOND LARGEST HOTEL IN CAIRNS

• With 314 rooms, this is Cairns’ second largest accommodation offering.

FINANCIAL NET RETURN TO INCOMING OWNER

• Strong performance with the ability to substantially increase net return.

VACANT POSSESSION

• Vacant Possession is available upon sale.

UNRIVALLED LOCATION IN CAIRNS CBD

• The hotel is located in Cairns, the gateway to World Heritage listed Great Barrier Reef and The Daintree Rainforest, in an unrivalled location on Lake Street, adjoining the Cairns Aquarium development and one block from the Performing Arts Centre development.

CAIRNS – AUSTRALIA’S LEADING MAJOR HOTEL GROWTH MARKET

• Cairns is witnessing an impressive tourism rebound with record high visitor arrivals and double digit growth in RevPAR – up 12.6% Feb YTD according to STR.

Wayne Bunz

National Director, Capital Markets
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