Tune Hotel Melbourne (Essence Hotel Carlton) - SOLD

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Sold for 52,000,000 AUD Date of Sale: December 2015
Rooms: 225
Price Per Room: 231,111 AUD
Property Id : 30425

CBRE Hotels has been retained exclusively by TP Melbourne Pty Ltd as marketing agents in relation to the sale of the Tune Hotel Melbourne.

The Tune Hotel Melbourne provides an outstanding example of a newly developed economy 3 star hotel. This opportunity to purchase this hotel will provide an investor with a well-planned and operated hotel asset in a prime Carlton location on the edge of Melbourne’s CBD.

The Tune Hotel is situated on the northern city fringe and within a short walk or tram ride to the central CBD area and all its commercial and retail attractions. It is also well located to Melbourne’s busy hospital precinct along with The University of Melbourne and RMIT (Royal Melbourne Institute of Technology).

The Tune Hotel opened in October 2013 and is easily accessible via road links and freeway to Melbourne’s Tullamarine International Airport.

Scott Callow

Senior Director, Capital Markets

Wayne Bunz

National Director, Capital Markets
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