Pullman Melbourne on the Park is an icon of Melbourne. It features 419 well-appointed rooms and suites, together with an impressive range of guest facilities that include a spectacular new lobby bar and restaurant, 18 conference and meeting rooms, business centre, gymnasium and swimming pool.

The Hotel enjoys a prime location opposite the renowned MCG precinct and is just minutes from the Paris End of the CBD which is home to many of the city’s premium and A-grade office buildings. In terms of proximity to key demand generators, the Pullman Melbourne on the Park is arguably unchallenged by any other major hotel in Melbourne.

The Property is currently managed by AccorHotels, however vacant possession is attainable, providing investors with opportunity to continue with Australia’s largest hotel management company, appoint an alternative brand or owner-operate.

Pullman Melbourne on the Park is being marketed for sale by JLL Hotels & Hospitality Groups’ Peter Harper and Craig Collins and McVay Real Estate’s Sam McVay and Dan McVay through an expressions of interest campaign closing 15 March 2018.

Sam McVay said, “Pullman Melbourne on the Park has had considerable capital expenditure over the past few years, including a complete refurbishment of its food and beverage facilities. It is therefore positioned for strong trading growth over the medium term.”

Peter Harper said, “Melbourne has been a major focus of global hotel investors over the past two years. The sale of this property follows several high profile transactions including the Novotel Melbourne on Collins, Hilton Melbourne South Wharf and Sheraton Melbourne, and as such, presents an opportunity to acquire a landmark hotel in one of Asia Pacific’s most sought after investment markets.”

With pricing expectations in excess of $200 million, strong and wide-ranging interest is expected from both traditional investors and new entrants to the market who are drawn to the asset’s incredible real estate fundamentals and capital return potential.

To discuss the sale in more detail, contact either Peter Harper or Sam McVay via the below contact details.

Also, click here to view Peter Harper's profile on The Hotel Conversation.

See also:

Melbourne's historic Retreat Hotel going to Auction

International field vies for new Melbourne CBD hotel

$252m Twin-Tower hotel approved for Melbourne's Fishermans Bend