Novotel Melbourne South Wharf, 7 Convention Centre Pl, South Wharf, VIC, 3006

Savills Hotels is delighted to present a rare opportunity to acquire a high-quality, income-producing portfolio of three institutional-grade hotel assets strategically located across Melbourne, Victoria: Novotel Melbourne South Wharf, ibis Melbourne Glen Waverley, and ibis budget Melbourne Airport.

Key Investment Highlights – Novotel Melbourne South Wharf:

• Prime Convention Precinct Location: Directly connected to the Melbourne Convention & Exhibition Centre (MCEC), Australia’s largest convention facility, ensuring consistent corporate and MICE-driven demand.

• Modern, Institutional-Grade Asset: A 4-star hotel built in 2018 with contemporary design and fit-out, offering long-term appeal to institutional investors seeking core-plus opportunities.

• High Barriers to Entry: Located in a tightly held South Wharf precinct with limited supply pipeline and few future development sites.

• Diverse Demand Profile: Balanced mix of corporate, leisure, group and MICE guests supported by nearby Crown Casino, DFO South Wharf, Yarra River entertainment precinct, and Docklands commercial precinct.

• Strong Brand & Operator Covenant: Flagged under the globally recognised Accor Novotel brand with established operational performance and brand loyalty.

• Access to Major Infrastructure: Excellent connectivity to public transport (trams, trains), road networks, and Melbourne CBD within walking distance, enhancing guest convenience.

• Flexible Management Model: Opportunity for conversion of existing Novotel Melbourne South Wharf HMA to a Franchise Agreement.

Key Investment Highlights – Action Hotel Portfolio:

• Diverse Market Exposure: Portfolio spans three high-performing precincts - CBD, suburban, and airport - de-risking demand volatility.

• Institutional Lease Profile: Peppercorn leasehold (Novotel), freehold (Glen Waverley), and Crown lease (Airport) deliver structural diversity.

• Accor Hotels Covenant: Global hotel operator with proven performance and trusted brand platforms across all segments.

• Low Replacement Risk: Limited new supply and rising development costs support medium-term value preservation.

• Immediate Scale: Rare opportunity to secure 575 rooms in Australia’s most resilient and investable hotel market.

The portfolio is being offered for sale via International Expressions of Interest closing Friday 8 August 2025 at 2pm AEST, with flexibility to acquire the assets individually, in any combination, or as a portfolio.

If you're interested in the other assets within the Action Hotel Portfolio, please view the additional listings via the links below:

• ibis Melbourne Glen Waverley: https://www.commercialready.com.au/properties/297-springvale-rd-glen-waverley-vic-3150-29470
• ibis budget Melbourne Airport: https://www.commercialready.com.au/properties/caldwell-drive-melbourne-airport-tullamarine-vic-3045-29469

For further information on this exclusive offering, or to arrange an inspection, please do not hesitate to contact the exclusive sales agents.

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