Student Accommodation Conversion Opportunity

609 Swanston Street, Carlton, Victoria 3053

Hotels / Hotels For Sale

Expressions of Interest. EOI Date 15 Oct 2019
Land Area: 1,192.00 m2.    

Ibis Melbourne

Description

Colliers International, in conjunction with CBRE, is pleased to present the opportunity to acquire the Ibis Melbourne Swanston Street, ideally suited to Student Accommodation. 

The hotel is operated by Accor under the Ibis brand, however is offered for sale with vacant possession, opening up a re-branding opportunity for owner-operator or an investor with operator relationships to gain a foothold in one of the most sought-after markets in Australia.

The asset has flexibility to be operated in it’s current use as a hotel, or alternatively has merits to be repositioned into student accommodation.

The hotel is located in a prime northern CBD position within Melbourne’s university and hospital precincts. The asset is also is well located to benefit from the new $11b Melbourne metro tunnel, which will further connect the area to wider Melbourne, with State Library and Parkville Stations in walking distance.

The hotel has an attractive and well-maintained fit out, featuring 235 guest rooms and modern facilities, including two food and beverage outlets. The hotel also features spacious public areas and an outdoor deck area.

The hotel offers fixed income streams from the leased components from the café, restaurant and bar and parking.

Expressions of Interest are closing Tuesday 15 October 2019 (unless sold prior).

For further information, please contact Guy Wells.

Features

  • 235 guest rooms and modern facilities
  • Ideally suited to Student Accommodation
  • Positioned between Melbourne University
  • Prime northern CBD location
  • Hotel offers fixed income streams

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