JLL Hotels & Hospitality Group and Colliers International have been exclusively retained by GIC Real Estate to offer for sale The Westin Sydney (the Hotel) and Heritage Retail (together, the Property)
The Westin Sydney is an iconic part of the Sydney CBD and one of Australia’s most prestigious luxury hotels. Featuring a world-class guest offering in a premium location, the Property is a coveted trophy asset
The Hotel offers 416 luxuriously appointed rooms and suites, along with 1,923 square metres of flexible conferencing space and panoramic views of bustling Sydney. It benefits from sustained demand arising from such a core CBD location.
The Westin Sydney is complemented by a prestigious retail offering within the GPO building. Constructed in 1874, this landmark building is a living monument to Sydney’s heritage and is heralded as one of the country’s finest examples of restoration. Encapsulating approximately 5731 square metres of prime retail tenancies, the location has attracted International designers and sophisticated hospitality providers.
The Property holds the enviable address of No. 1 Martin Place with frontages George Street, Pitt Street and Martin Place. The heritage façade extends over 100 metres along Martin Place, commanding the attention and interest of all with impressive presence and sense of grande
Sydney is the long-standing premier hotel trading market in Australia and heralds excellent fundamentals with a limited new supply outlook. It is poised to benefit from several major infrastructure projects that will further propel its reputation as a global city and leading financial hub with strong links to the growing Asian economies
The Property is offered for sale with the benefit of a management agreement with Starwood Hotels & Resorts, one of the world’s leading hotel management companies. The agreement concludes in 2019, thereafter providing the owner with the flexibility to explore further management opportunities.
The Westin Sydney is a unique opportunity to acquire a trophy hotel asset in Australia’s pinnacle investment destination.