Mercure Hadleys Hotel (Hadleys Orient Hotel) - SOLD

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Sold for 8,325,000 AUD Date of Sale: September 2013
Rooms: 71
Price Per Room: 117,254 AUD
Property Id : 29179

Mercure Hadleys Hobart Hotel is a 71 room historic property originally established in 1834, while the adjoining four and half star Grand Mercure Hobart Central Apartments features a 125 key serviced apartment hotel with recreational facilities and car parking for up to 58 vehicles. Each Hotel has its own food & beverage and conference facilities.

The Hotels are conveniently located in the heart of the Hobart Central Business District, providing guests with easy access to many of Hobart’s key leisure attractions, including Battery Point, Salamanca Place and the Hobart waterfront, as well as a vast array of restaurants, bars, boutique shops and office buildings.

Both Hotels are currently operated under the terms of a hotel management agreement with Accor – Australia’s largest hotel operator. The Hotels are expected to achieve strong profit growth over the coming years as Grand Mercure Hobart Central Apartments continues to establish itself in the corporate, leisure and conferencing markets. Alternatively, the property is also available with vacant possession upon sale, providing flexibility for an incoming investor.

Over the past decade there have been very few major hotels publicly offered to the market in Hobart. This sale therefore presents a rare opportunity for investors to gain an investment foothold in this exciting market through a distinctive hotel offering.

Mark Durran

Managing Director, Investment Sales Australasia

Peter Harper

Managing Director, Head of Investment Sales Australasia
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