Westend Hotel Sydney - SOLD

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Sold for 18,600,000 AUD Date of Sale: March 2015
Rooms: 86
Price Per Room: 216,279 AUD
Property Id : 30405

CBRE Hotels has been retained as exclusive agents in relation to the sale of the Westend Hotel, Sydney. This is a rare opportunity to acquire a quality mid-market hotel in the Sydney CBD, the number one hotel investment destination in Australia. The Westend Hotel is a mid-scale offering, with 86 guest rooms and currently operating as a popular 359-bed backpacker accommodation hotel under management to Nomads World Hotels Pty Ltd. Vacant Possession is also available.

Located at the southern end of the CBD, the property is a short walk from the bustling Haymarket / Chinatown hub, along with Central Station and World Square – and a 5 minute walk from Sydney’s CBD and a range of major entertainment, corporate and shopping districts.

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