11,266 sq m
Price on application

Novotel, Ibis & Pullman SOP, Novotel CanberraSydney Olympic Park

  • Sold

Key features

  • Rare opportunity to gain a substantial foothold in Sydney’s tightly-held hotel market
  • 218 (Pullman) and 327 (Novotel & ibis) guest rooms offering a strategic mix of 3.5, 4.5 and 5-star market positioning
  • Prime location within Sydney Olympic Park - Australia’s premier sporting, entertainment, cultural and events destination welcoming 10.7 million visitors attending over 5,785 events throughout financial year 2017. The precinct is also home to a range of international corporations and Western Sydney University

Sydney and Canberra Hotel Portfolio

About this property

  • Savills Hotels and JLL Hotels & Hospitality Group have been exclusively retained on a joint exclusive basis to offer for sale the Pullman at Sydney Olympic Park, Novotel & ibis Sydney Olympic Park and Novotel Canberra on an individual or portfolio basis.

    The Portfolio offers the following features and investment highlights:

    Pullman at Sydney Olympic Park, Novotel & ibis Sydney Olympic Park

    - Rare opportunity to gain a substantial foothold in Sydney’s tightly-held hotel market
    - 218 (Pullman) and 327 (Novotel & ibis) guest rooms offering a strategic mix of 3.5, 4.5 and 5-star market positioning
    - Extensive conference facilities, food & beverage offerings and parking
    - Prime location within Sydney Olympic Park - Australia’s premier sporting, entertainment, cultural and events destination welcoming 10.7 million visitors attending over 5,785 events throughout financial year 2017. The precinct is also home to a range of international corporations and Western Sydney University
    - Significant growth across the precinct with plans for 10,000 homes, a doubling of the office accommodation to provide 34,000 jobs, parklands and a significantly enhanced retail amenity

    Novotel Canberra

    - 286 guest rooms, seven meeting & function rooms, large retail arcade and car parking
    - Commanding position on Northbourne Avenue, the city's main thoroughfare, in close proximity to the city's major demand generators
    - Situated opposite the Alinga Street light rail stop, the main terminal on the city’s new light rail network
    - As the capital of Australia, Canberra boasts a strong economy which benefits a hotel market that has experienced solid trading growth in recent years

    The Hotels are all operated under management agreements with AccorHotels – Australia’s largest hotel operator.

    For further information please contact the marketing agents:

    For sale by Expressions of Interest
    Closing 12:00pm (AEST) Friday 20 July 2018

Local information

  • Sydney Olympic Park

Available space

LevelTenancySale TypePriceAreaSqmStatus
n a11266.00sq mSold