Prominent Canberra Hotel for Sale
Opportunity to acquire the Mantra MacArthur in one of Australia’s best performing markets.
JLL Hotels & Hospitality Group are pleased to offer for sale the Mantra MacArthur Hotel situated on Northbourne Avenue in Canberra.
The Mantra MacArthur opened in 2017 and boasts 176 guest rooms, together with a restaurant and bar, conference rooms accommodating up to 100 guests, fitness facilities, ground floor retail as well as 62 secure parking spaces.
Andrew Langsford, Senior Vice President of JLL Hotels & Hospitality Group commented “The Canberra Hotel Market saw unprecedented performance following the pandemic and was one of the strongest performing markets in the country”.
“The benign supply pipeline for the city and incoming increased international and domestic demand, Canberra is expected to see continued growth in trading performance.”
The Property is strategically located immediately adjacent to the new MacArthur light rail stop and benefits from direct connections to the CBD centre and North-East to Gungahlin. Mantra MacArthur Hotel was completed in 2017 and is in outstanding condition, ensuring short, medium, and longer-term capital expenditure is minimised.
“With excellent real estate fundamentals and several value-add opportunities, the sale of the Mantra MacArthur Hotel presents a rare investment opportunity in one of Australia’s most secure and robust economies” said Nick Roche, Vice President of JLL Hotels and Hospitality Group.
“The Mantra MacArthur is the first major hotel offered in the Canberra market this year. Given Canberra’s outlook for continued economic growth, we expect strong interest from investors” Roche continued.
Expressions of Interest close 4 May 2023.
