Strategically located on Elizabeth Street opposite the picturesque Hyde Park, Sheraton on the Park is a landmark hotel that features 557 luxuriously appointed guest rooms & suites, many of which enjoy exceptional panoramic views.
Added to this, the hotel offers a superb restaurant, tea lounge, bar, extensive conference and function space, a range of recreational facilities, leased retail space and car parking.
The hotel’s prime position in the heart of the central business district provides easy access to the city’s major entertainment, corporate and retail districts, ensuring the hotel is strategically located to capture the broadest range of market segments.
Opened in 1992, Sheraton on the Park has undergone numerous extensive refurbishment programs that have helped to further strengthen its global reputation as one of Australia’s finest five-star hotels.
With limited supply expected to enter the Sydney market over the short to medium term, coupled with Sydney’s robust market fundamentals and extensive infrastructure development, an incoming owner will be well positioned to enjoy the hotel’s strong existing cash flow with future income growth potential.
Offered for sale with the benefit of a management agreement with Starwood hotels & resorts, one of the world’s leading hotel groups, Sheraton on the Park represents an exceptional opportunity to acquire a true trophy hotel asset showcasing the perfect blend of sophistication, luxury and design in one of Asia Pacific’s most sought after hotel investment destinations.