Pro-invest sourced and managed the off-market acquisition of the hotel for a German institutional bank.
Pro-invest entered into a lease agreement to operate the hotel. Pro-invest was also retained as the asset manager to manage the investment, drive a potential medium-term value add strategy and ensure the asset is maximizing financial performance.
Value add opportunity of top floor at the end of the current tenant lease Further, the franchise agreement with Accor has been entered with Pro-invest Group operating the hotel.
Location: Canberra, ACT, Australia
Brand / Chain Scale: Sebel/Upper Upscale
Quality Star Rating : 5-star
Rooms / Keys: 144
Food & Beverage: 1 Restaurant, 1 Bar
General Facilities: Business Centre, Fitness Centre
Amenity Inclusions: Complimentary Wi-Fi, Internet
Acquisition: Pro-invest Group
Client: German Institution Bank