The Crossley Hotel (Rydges Melbourne) - SOLD

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Sold for 15,750,000 AUD Date of Sale: August 2010
Rooms: 88
Price Per Room: 178,977 AUD
Property Id : 30320

The Crossley Hotel includes:

– 88 rooms including four two level penthouse style apartments

– Ground floor café / restaurant including the Bamboo House Restaurant under lease

– Residual land component for potential expansion / redevelopment (STCA)

– Currently managed by Accor Hotels, to be sold with vacant Possession

– Ongoing management by negotiation – Adjoining building located to the rear of the hotel and fronting Crossley Street

Scott Callow

Senior Director, Capital Markets
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