For Immediate Sale | Mantra Albury Hotel | Potential 8%+ Net Return
LJ Hooker Commercial Canberra and Savills Hotels invite potential purchasers the opportunity to participate in a closed tender sales process to secure the Mantra Albury Hotel at an asking price of $29,500,000. Final bids must be submitted by 11am AEST Friday 21 April 2023.
The Mantra Albury Hotel is offered for sale with a 15-year Hotel Management Agreement to Mantra Management Pty Ltd now part of the Accor Hotel Group who operate over 5,100 properties throughout 110 countries and who employ over 280,000 people world-wide.
The Mantra Albury Hotel was built to high standards and is a standout selection as the only 4.5star hotel in its market.
Key Features of this best-in-class hotel include:
* 146 Room Hotel over seven upper levels of accommodation
* Ground Floor reception and adjoining quality restaurant and bar
* Gymnasium & Business Lounge for exclusive use of guest
* Excellent mix of Studio, Deluxe Studio Executive Studio, Family Studio, and suites on offer
* Offers first-choice accommodation that caters to a wide variety of markets including Corporate,
Government, Weekend Leisure, Conference, Events and Group Business
* Prime location in the heart of Albury's CBD adjacent ATO Building, Volt Lane and 500space multi-storey
car park
* Excellent Function space suitable for Conferences, Weddings, Training, and events
* Perfect stop-over point between Sydney & Melbourne
* Significant Depreciation benefits are available
Contact the Exclusive Selling Agents to discuss this rare opportunity.
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