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Investment Insight
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.

Asset Details
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

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