JLL Hotels & Hospitality Group has been exclusively retained to offer for sale, on a turn key basis, the Pullman Sydney Airport (the “Hotel”, “Property” or “Asset”) located at 191 O’Riordan Street, Mascot.
Due for completion in June 2016, this international standard five star hotel will offer 229 guest rooms & suites along with comprehensive meeting & conference facilities, a modern restaurant & bar, executive lounge, gymnasium and car park.
The Property is set to capitalise on its strategic proximity to Sydney Airport, Australia’s busiest Airport which catered to around 38.5 million passengers in 2014 and is forecast to receive around 74.3 million passengers annually by 2033. Furthermore, Pullman Sydney Airport offers excellent connectivity to the iconic Sydney CBD and its key tourism accommodation demand generators, together with the surrounding established commercial Pullman Sydney Airport, Sydney’s newest five star hotel. and industrial precincts of Mascot, Alexandria and Port Botany.
The freehold hotel forms part of a wider mixed-use development which will also incorporate over 36,395sqm NLA of premium commercial office space across four buildings. The whole project is being undertaken by Goodman – Australia’s largest listed industrial property group – with offices in 26 countries, and designed by the awardwinning WMK Architecture and SODA (Thailand) Architecture + Interiors who have extensive experience in the Australian and international hotel industry.
Subject to a management agreement with AccorHotels, Australia’s largest hotel operator JLL Hotels & Hospitality Group has been exclusively retained to offer for sale, on a turn key basis, the Pullman Sydney Airport (the “Hotel”, “Property” or “Asset”) located at 191 O’Riordan Street, Mascot. with 200 properties nationally, the Property will form part of the Pullman network which has quickly become the largest five star brand in the country and enjoys a strong reputation amongst the corporate, leisure and business events markets.
The sale of the Pullman Sydney Airport presents an opportunity for investors to acquire Sydney’s newest five star property in Australia’s most coveted hotel investment market, and benefit from outstanding asset fundamentals and enviable overall market dynamics.
Pullman Sydney Airport is being offered for sale by Expressions of Interest.