Boutique funds management company Serene Capital has listed the Ibis Swanston Street in Melbourne for sale in a move tipped to generate significant interest from hotel and student accommodation groups.

CBRE Hotels agents Wayne Bunz and Scott Callow have been appointed to manage hotel group enquiries, with Guy Wells of Colliers International to handle student accommodation interest.

At a glance:

• Boutique funds management company Serene Capital has listed the Ibis Swanston Street in Melbourne for sale.
• CBRE Hotels agents Wayne Bunz and Scott Callow have been appointed to manage hotel group enquiries.
• Guy Wells of Colliers International will handle student accommodation interest.
• The listing is tipped to generate significant interest from hotel and student accommodation groups.

Click here to view the Ibis Swanston Street on The Hotel Page

The hotel is being sold as a Freehold with the associated operating business. It features 235 guest rooms, a leased café, restaurant and parking – offering both room income and fixed income streams from the leased components.

“Many buyers are looking to introduce new hotel brands to the Melbourne market, which is driving interest in assets such as Ibis Swanston Street, which are available with vacant possession,” said CBRE Hotels Senior Director Scott Callow.

“The property’s prime northern CBD location will be another drawcard, with the asset located in one of Melbourne’s most in demand precincts, offering access to tram services and the new $11 billion Melbourne Metro Rail Tunnel.”

The property also benefits from its proximity to Melbourne University and RMIT in the heart of the CBD’s university district. The surrounding student population numbers over 130,000 and benefits from strong international enrolments at surrounding institutions, with approximately 55,000 international students.

Colliers International agent Guy Wells noted: “Ibis Swanston Street is centrally located amongst many of Melbourne’s largest and most recently developed student accommodation facilities and the floorplans could easily be repositioned to suit the student accommodation sector.”

Developed six years ago, the hotel also offers substantial depreciation benefits for an incoming purchaser.

International Expressions of Interest close on October 15, 2019.

Click here to view the Ibis Swanston Street on The Hotel Page

For Ibis hotel for sale enquiries, contact Wayne Bunz and Scott Callow from CBRE via the contact details below

For student accommodation interest, phone or email Guy Wells from Colliers International via the contact details below

This is a Featured Property Booking

See also:

Ibis Budget Melbourne CBD hotel for sale - CBRE Hotels

Novotel Melbourne hotel for sale - Michael Simpson, Vasso Zographou, Savills Hotels

Ibis Glen Waverley Melbourne Hotel for sale