Your search results
Property Id : 28988
Price: 48,000,000 AUD
Rooms: 144
Sold for 48,000,000 AUD Rooms: 144
Price Per Room: 333,333 AUD

JLL Hotels & Hospitality Group has been exclusively to offer for sale, on a confidential off-market basis, the Sebel Canberra (the “Hotel”, “Property” or “Asset”) located at 197 London Circuit, Canberra ACT. The Hotel features 144 brand new apartment style hotel rooms over eleven floors. The 126 studio rooms feature kitchenette facilities and the 18 one-bedroom suites include full kitchen facilities. The ground floor space is home to retailers, restaurants and bars, all leased to external operators.

The property commands a prime position in the heart of Canberra’s CBD. Well located within the Civic Square precinct, the hotel is surrounded by a mix of office buildings, government departments, restaurants and entertainment venues. Civic Square is home to ACT Legislative Assembly, Canberra Museum and Gallery, Civic Library and Canberra Theatre, along with many local cultural organisations.

The city of Canberra has a consistent history as one of Australia’s strongest and most secure economies with robust employment, and forecast population and GDP growth. With the recent addition of short-haul international flights to Canberra International Airport, the city welcomed a record 243,000 international visitors and 2.75 million interstate overnight visitors, a 16.9% and 10.7% increase over last year, respectively. According to the 2018/19 Budget the territory is on track to reach their goal of $2.5 billion in overnight visitor expenditure per annum by 2020.

The Canberra Hotel Market is on the upswing. Over the past three years the Canberra hotel market has seen growth in both occupancy and ADR, and December 2018 STR reports a RevPAR increase of over 4% over the same previous period. Taking into account the supply pipeline for the city and increased international and domestic demand, Canberra is expected to see continued growth in trading performance.

This opportunity is being offered for sale on a confidential off-market basis. For further information, please contact JLL Hotels & Hospitality Group.

click to enable zoom
loading...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen Prev Next

Mark Durran

Managing Director, Investment Sales Australasia
View Phone Number

Nick Roche

Associate, Investment Sales - Australasia
View Phone Number

Latest Sold Hotels

Sold By

Faarufushi Maldives

Contact agents below for further details
JLL Hotels & Hospitality Group is pleased to announce the sale of Faarufushi Maldives [more]
JLL Hotels & Hospitality Group is pleased to announce the sale of Faarufushi Maldives located in Raa Atoll, Rep [more]
80details

Sale Date: October 2021
Sold By

Gaia Retreat & Spa

Contact agents below for further details
Colliers is proud to announce the sale of Gaia Retreat & Spa located in the Byron Bay [more]
Colliers is proud to announce the sale of Gaia Retreat & Spa located in the Byron Bay hinterland. AUSTRALIA’S M [more]
22details

Sale Date: October 2021
Sold By

Rydges Bankstown

28,000,000 AUD
233,333 AUD per room
Colliers is pleased to offer for sale Rydges Bankstown, located at 874 Hume Highway, in th [more]
Colliers is pleased to offer for sale Rydges Bankstown, located at 874 Hume Highway, in the Sydney suburb of Bass H [more]
120details

Sale Date: October 2021
Sold By

1 Hosking Place, Sydney (Former Adina Martin...

26,000,000 AUD
530,612 AUD per room
CBRE Hotels is proud to have sold 1 Hosking Place – a 49-key serviced apartment hote [more]
CBRE Hotels is proud to have sold 1 Hosking Place – a 49-key serviced apartment hotel with vacant possession [more]
49details

Sale Date: October 2021
  • View Agency and Hotel Broker Profiles

JLL Hotels and Hospitality Group

Compare Listings