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Property features and key investment highlights include:

  •  Four star hotel featuring 176 rooms, comprising 136 studios and 40 one & two bedroom apartments, restaurant & bar, conferencing, gym, retail tenancies
  • Midtown Parking Station featuring 62 secure underground car parking spaces
  • Leased to Mantra Group, a subsidiary of AccorHotels, for 15 years (plus 2 five year options)
  • Total estimated 2019 income of $3.02 million (approx.)
  • Prime location on Northbourne Avenue adjacent to the new MacArthur light rail stop
  • Site area of 964sqm with total GFA of 7,297sqm (approx.)
  • The Hotel is one of Canberra’s newest, benefiting from limited further capex requirements and substantial depreciation benefits
  • Canberra has one of the strongest economies in Australia, with residents enjoying the highest average level of disposable income of any Australian capital city, together with strong growth in overnight visitors
  • The city is one of Australia’s best performing hotel markets with STR Global data showing RevPAR growth of 4.4% through 2018

Accor is the leading hotel operator in Australia and currently manages over 835 hotels and 168,000 hotel rooms across Asia Pacific.

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Andrew Langsford

Executive Vice President

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