Diplomat Hotel (Ramada Diplomat Canberra) - SOLD

The Diplomat Hotel Canberra is a purpose built 4.5 star AAA rated accommodation hotel asset. The property comprises 67 guest rooms, a restaurant, conference room, gymnasium and swimming pool, plus extensive car parking both external and underground with capacity for approximately 70 vehicles. The property is currently leased (double net) to an experienced operator with expiry in August 2013. Vacant Possession may be available prior to this date. The asset also offers numerous value add opportunities, both with the existing facility – which comprises 67 strata title lots currently held in one line; or through exploring further expansion/redevelopment to take advantage of this large, high visibility ‘gateway’ site.