The Hotel is located in Double Bay, approximately 8 kilometres east of the Sydney CBD. The property comprises a 140 room, 5 star medium rise hotel originally built in 1991 which operated as the Ritz Carlton Double Bay and later as the Stamford Plaza. Facilities include a restaurant, cafe, lounge, conference and meeting facilities, recreation facilities, undercover car parking for 173 vehicles and 2,135 sqm of lettable retail area. The hotel has been closed for approximately 5 years, with minimal income derived from the retail and car park component. Purchaser intends to undertake an extensive refurbishment program of the hotel and retail areas. We understand that the hotel is proposed to be managed by IHG under the InterContinental brand.