The prestigious Park Hyatt Melbourne, widely considered one  of Australia's true trophy assets, has been put on the market through JLL Hotels & Hospitality.

Epitomising luxury, the Park Hyatt Melbourne is situated on the edge of the 'Paris End' of  Melbourne's central business district and stands as a beacon of sophistication and elegance.

The signature driveway and porte-cochere lead to an opulent lobby, showcasing built form  characteristics seldom replicated in modern hotels. This exceptional property features 245  guest rooms and suites, complemented by an impressive array of amenities including 13  function rooms, two restaurants, a bar, indoor swimming pool, fully equipped gymnasium, and  an outdoor tennis court. The hotel also boasts an extraordinary 845 car parks, a rarity in  central Melbourne, and will be sold subject to a management agreement with Hyatt.

Park Hyatt Melbourne’s prominent position places it at the heart of the city's most prestigious  precinct, surrounded by high-performing hotels, esteemed office and retail holdings, and the  highest-yielding hotel demand generators. This strategic location underpins the hotels  consistent reputation, performance and future growth potential.

From an investment perspective, this offering represents a truly unique opportunity. Genuine  trophy hotels on freehold title in the most sought-after CBD precincts, rarely come to market in  Australia or indeed the broader Asia Pacific region. The Park Hyatt Melbourne not only meets  these criteria but also presents value-add opportunities, meaning it will appeal to trophy, core  and core plus investors.

The current owner has held the property for the past decade, have decided to divest to pursue  other strategic opportunities. During their tenure of ownership, they have invested significantly  in the property to maintain the Park Hyatt Melbourne’s position as a leader in the luxury  hospitality sector.

Melbourne's hotel market continues to demonstrate strong fundamentals, with robust recovery  post-pandemic and positive long-term growth prospects. The city's reputation as a global sport  and events destination, coupled with its thriving business sector and cultural attractions,  underpins the sustained demand for premium accommodation.

The sale process will be led by Peter Harper, Managing Director & Head of Investment Sales  Australasia, and Nick MacFie, Senior Vice President.

Peter Harper commented, "The Park Hyatt Melbourne represents a generational investment  opportunity in one of Asia Pacific's most dynamic cities. We anticipate significant interest given  the hotel's irreplaceable location and attributes, strong reputation, and the continued scarcity  of trophy assets of this calibre in the market regionally."

Nick MacFie added, "Assets of this significance have historically drawn interest from  established investors and new market entrants. Given the weight of global capital currently  seeking such investments, this will no doubt be a standout transaction for Australia’s hotel  market in 2025.”

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