Sydney's newest hotel with 43 million reasons to buy
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Sydney's newest hotel with 43 million reasons to buy
Having opened its doors only last month, Felix by 8Hotels Sydney Airport has been put on the market next door to Australia's busiest airport which catered approximately 43 million passengers in 2017.
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Image supplied by JLLFelix by 8Hotels Sydney Airport has been put on the market -
Image supplied by JLLFelix by 8Hotels Sydney Airport has been put on the market
JLL Hotels & Hospitality Group has been exclusively appointed to offer for sale one of Sydney’s latest hotels; Felix by 8Hotels Sydney Airport, having opened in February 2018.
This newly-built hotel designed by leading Sydney Architects Fox Johnston, showcases contemporary design across 150 rooms and suites and features an impressive Penthouse level on the top floor incorporating reception area, an all-day dining & bar, and conference facilities, all providing views across Sydney and a unique perspective of the workings of Sydney Airport. The hotel has been finished to an exceptional standard, with all rooms of generous sizing, first-rate furnishings, and featuring the latest technology, including 55-inch televisions, power rain showers, and superfast WiFi.
Operated by 8Hotels, the property’s theme captures a modern and sleek aesthetic, paying homage to a glamorous bygone era of air travel, whilst providing guests all the creature comforts of home. Designed as a landmark in the Mascot area, the property provides travellers an alternative option to break the mould of mundane airport accommodation, with dynamic dining options, meeting facilities, and an outdoor rooftop terrace.
Demand generators in the vicinity of the hotel include the bustling commercial zone surrounding Sydney Airport and Port Botany, furthermore, Sydney Central Business District is only 7 km away and is easily accessible by both car and train. As Australia’s busiest airport Sydney International Airport catered to approximately 43 million passengers in 2017 and is forecast to receive 74.3 million arrivals by 2033, allowing the hotel to capitalise on this growth from its strategic proximity.
The Felix represents an opportunity to gain a foothold in this tightly held hotel market. “The opportunity to purchase a brand new hotel is unprecedented in the current market” said Andrew Langsford, Vice President of JLL’s Hotels & Hospitality Group.
Andrew Langsford added, “given the notable growth in trading performance witnessed by the Sydney Airport hotel market and the scarcity of opportunities available, we anticipate a high level of interest from groups who are eager to gain exposure to Australia’s key gateway city”.
Throughout 2017 the Sydney airport hotel market has seen a 4.8% increase in Occupancy over the same previous period to reach 90.1%, coupled with a rise in ADR of 2.9% leading to a RevPAR (Revenue per Available Room) of $154 – a 7.8% increase over last year.
The offering of the Felix follows the sale of the InterContinental Double Bay which set a premium for non-CBD hotels in Sydney at circa $1 million per room in a deal brokered by JLL Hotels & Hospitality Group.
Felix Sydney Airport is being offered for sale by way of a public International Expression of Interest (“EOI”) campaign closing 28th March 2018.
To discuss the sale in further detail, contact Andrew Langsford of JLL's Hotels & Hospitality Group via the below contact details.
See also:
Sydney Airport's record performance with 43 million passengers in 12 months
