The Hotel Cairns has been listed for sale with CBRE Hotels via an Expression of Interest campaign.
CBRE Hotels’ National Director Wayne Bunz and CBRE Cairns Managing Director Danny Betros have been exclusively appointed to market the sale of the iconic Hotel Cairns.
The 4-star hotel with traditional ‘Queenslander’ architecture is less than 200 metres from the famous Cairns Esplanade and features 92 well-appointed guest rooms, conference rooms, a leased restaurant, gym, pool and tour desk.
The hotel is situated on a prominent 4,075sqm freehold parcel of land which features three street frontages, and is 5 minutes to the Casino and Reef Fleet Terminal.
“There has been significant interest from hoteliers of late seeking to secure a foothold in the Cairns hotel market. This asset presents a rare Cairns CBD offering substantially below replacement value," Mr Bunz said.
“As it is owner operated and is being offered with vacant possession, it will appeal to owner operators as well as hotel chains who are actively seeking to establish their brand in Cairns and can utilise their distribution networks, especially to tap into the record amount of international arrivals, especially Chinese visitors who are flocking to the city in record numbers each year.” he added.
Cairns, renowned as the gateway to the Great Barrier Reef and Daintree Rainforest, reached a record high of 5.3 million airport arrivals in FY 2018.
The city also benefits from being a major hub for PNG, FIFO, and the agriculture and resource sectors.
“The inner CBD Cairns hotel market is highly sought after, making this a fantastic opportunity to enter this tightly held market. The prominent location of the hotel and strength of the Cairns market is expected to underpin buyer interest." added Mr Betros.
Click here to view The Hotel Cairns listing on The Hotel Page
To arrange an inspection, phone or email Wayne Bunz or Danny Betros from CBRE Hotels via the contact details below.
This is a Feature Property booking.
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