Located on the fringe of Melbourne’s CBD in the inner-city suburb of St. Kilda, the Novotel St. Kilda is a full service, 4 star beachfront hotel, overlooking Port Phillip Bay. The hotel offers 211 rooms and suites and a substantial array of facilities including 13 versatile function spaces, a heated outdoor swimming pool, outdoor terrace, fully equipped gymnasium, restaurant and bar. The hotel was originally built in 1991, with the hotel commencing trade as an Accor property in 1999 as the Novotel St. Kilda. The management agreement with Accor expires 31 st December 2021. The property comprises of 5,791sqm of freehold land which gives the purchaser a myriad of future redevelopment opportunities. The transaction was completed off market by CBRE.