WANTED FOR ACQUISITION

Wanted: sites for major Australian apartment hotel operator

Freehold, leasehold, land or building

Our client, a major Australian apartment hotel operator primarily focused on business travellers, is currently looking for new sites Australia-wide. Their preferred model is a partnership with a developer because it enables them to hit their strategic goal of delivering between eight and ten new properties a year, though theyll also consider other options. The properties often include a conference room, business lounge, gymnasium and outdoor area.

This client is genuinely a win-win company who offer long leases, and they have a good track record of working with the same developer multiple times. Theyll also convert an existing building if necessary.

The sites should be:

  • city or Regional.
  • centrally located, close to a town/city CBD or in an emerging business location. 
  • within an easy walk to public transport links.
  • prominent, with street frontage to a main road or highway. 
  • located in a strong economic catchment area with access to cafes, restaurants and retail. 
  • at least 2000 m2 in area, preferably on or near a main-road intersection.
  • with a height capacity preferably suitable for a 5-level building.

An apartment hotel provides an exciting highest and best usefor the right site: medium density, strong profile, long lease and in a growth market.

If you have a site you think might be suitable, please email or phone Rob on 0418 982 000 for an obligation-free chat. Theres never been a better time to maximise the value of your site, whether by sale, development or lease to a globally recognised brand.