The Mantra MacArthur is one of Canberra’s newest accommodation offerings, providing 176 guest rooms with a restaurant & bar, conference, gym, retail tenancies and 62 secure underground car parking spaces.

Located immediately adjacent to the new MacArthur light rail stop, the Hotel benefits from direct connections to the CBD centre and North-East to Gungahlin.

The Hotel is currently leased to Mantra Group, a subsidiary of AccorHotels, providing a secure income stream, with opportunity for trading upside through additional turnover rent.

With the recent introduction of new short-haul international flights to Canberra Airport, the city is expected to see continued growth, welcoming direct routes from Doha and Singapore. Furthermore, according to the 2018/19 State Budget, the city is on track to achieve its goal of $2.5 billion in overnight visitor expenditure per annum by 2020.

The Canberra accommodation market has seen growth in both occupancy and ADR over the previous four years, with full year RevPAR growth of over 4% in 2018 compared to 2017.

“With excellent real estate fundamentals, certainty of income and several value-add opportunities, the sale of the Mantra MacArthur and Midtown Parking Station presents a coveted investment opportunity in one of Australia’s best performing markets” said Andrew Langsford, Vice President of JLL Hotels and Hospitality Group.

“Canberra’s outlook for continued economic growth, together with the ability to acquire an asset with diversified income streams in a strategic location amongst Canberra’s best demand drivers will attract strong interest from both domestic and international investors” said Michael Simpson, Managing Director of Savills Hotels.

Click here to view the full listing on The Hotel Page with further information.

To discuss the sale in further detail, phone or email the below brokers.

This is an Elite Property

See also:

International hotel brand development opportunity Gold Coast

The Dairy Private Luxury Hotel Queenstown for sale

Westin Perth Hotel sold for over $200m - Mark Durran JLL Hotels