Hilton Melbourne Airport cleared for sell-off
The Hilton Melbourne Airport hotel has been put up for sale by its owners, Mulpha Australia, with an asking price of about $120 million.
The 4.5 star property opposite Melbourne’s domestic and international terminals is available with vacant possession.
Selling agents CB Richard Ellis and Jones Lang LaSalle expect the sale to generate interest from local, national and international buyers.
”Vacant possession allows total flexibility for an incoming purchaser to acquire a unique and strong-performing asset in one of Australia’s key hotel investment markets,” said CBRE Hotels director George Nicholas.
The hotel comprises 276 guest rooms and suites, a cafe, restaurant and bar, gymnasium, swimming pool and business centre.
The property is for sale via expression of interest closing October 25.
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