Sydney is the most desired investment destination in Australia & APAC with a long-term track record of trading outperformance.
The hotel is offered with vacant possession of management, representing the first major 5-star Sydney CBD hotel to be offered with vacant possession since 2012.
Existing 5-star hotels in Sydney CBD remain tightly held with long-term management agreements. Thus, opportunities for hotel brands to enter this highly sought-after, globally recognised market remain very rare. Kimpton Sydney is one of Sydney’s newest 5-star hotels, originally converted to Primus in 2016.
An opportunity presented itself to bring in a global luxury brand operator to manage the hotel and improve the ADR in-line with other 5-star luxury hotels in the market.
Additional refurbishment on Food & Beverage and Meeting Rooms.