Located at 9-25 Commonwealth Street, Sydney, this CBD branding and investment opportunity will feature 124 guest rooms and suites along with a restaurant and bar, as part of a luxury new-build tower in the heart of the city. Whilst envisioned as an upscale hotel there is considerable flexibly over the eventual market positioning, brand, and operating structure for an incoming purchaser to accomplish their own concept.

“The Hotel presents an opportunity to acquire an exceptional brand-new property in Australia’s most coveted and tightly held hotel investment market,” said Andrew Langsford, Vice President of JLL Hotels and Hospitality Group.

The city of Sydney saw a record level Average Daily Rate (ADR) throughout 2018, reaching $263, resulting in the highest Revenue per Available Room (RevPAR) in the country of $231. Over the past five years, the Sydney accommodation market has experienced strong growth in key performance indicators, with nominal RevPAR increasing by 6% per annum on average.

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Artist Impression - 9-25 Commonwealth Street, Sydney

Located in the coveted Hyde Park district of Sydney’s CBD, the property will benefit from outstanding asset fundamentals and enviable overall market dynamics in the city. Within close proximity to the hotel are major commercial office demand drivers as well as a number of entertainment venues in the popular leisure precincts of Surry Hills and Chinatown. The Hotel is well positioned to take advantage of the increasing tourism arrivals to the city and the strong demand for city-centre hotels in close proximity to cultural and corporate centres.

“The Property is extremely well-located, surrounded by an array of retail, entertainment and public transport services, with the fashionable Oxford Street to the east, cultural precinct of Surry Hills to the south, Sydney’s commercial hub to the west and various tourist attractions including Circular Quay, the Botanic Gardens and Sydney Opera House to the north” said Knight Frank’s Dominic Ong.

A number of major transport infrastructure improvements in the immediate vicinity will further benefit the hotel, including a $1bn commitment from the NSW Government to add metro platforms to Central Station, $12bn Sydney Metro linking Sydney’s northwest with Bankstown via the CBD, and the 12km CBD & South East Light Rail extending from Circular Quay to the inner city suburbs of Randwick and Kingsford.

The Hotel is being offered by way of a turnkey takeout on completion and is for sale via Expressions of Interest closing 23 May. 

For further information, phone or email Andrew Langsford or Tom Gibson via the below contact details.

This is an Elite Property.

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