Travelodge Hotel Docklands - SOLD

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Sold for 53,800,000 AUD Date of Sale: January 2011
Rooms: 290
Price Per Room: 185,517 AUD
Property Id : 29251

Travelodge Docklands commenced trading in February 2010 and has since developed an enviable reputation within the Melbourne hotel market. This brand new Hotel offers modern accommodation throughout its 291 guest rooms, together with associated facilities including a restaurant and impressive conference and meeting facilities.

The Hotel occupies a prominent position within the landmark 200 hectare Docklands precinct – a unique mixed use development located on Victoria Harbour in the heart of Melbourne. This central location provides guests with easy access to the city’s major entertainment, corporate and retail districts, ensuring the Hotel is strategically positioned to capture the broadest range of market segments.

With limited supply expected to enter the Melbourne market over the short to medium term, coupled with Melbourne’s positive market fundamentals, an incoming owner will be well positioned to capitalise on the Hotel’s future income growth potential.

Offered for sale with the benefit of an operating lease with Toga Hospitality Group, Travelodge Docklands represents an exceptional opportunity to acquire the freehold interest in a brand new hotel in one of Australia’s most sought after hotel investment markets.

Mark Durran

Managing Director, Investment Sales Australasia
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