News & Research

Southbank Hotel For Sale

Being put to market by CBRE Hotels is the Novotel South Wharf at 7 Convention Centre Place, Southbank.

Novotel Melbourne South Wharf Hotel, a 26-storey 4-Star hotel, comprising 347 rooms, restaurant and bar, self-service business centre and a fitness centre; it was completed in April 2018. The hotel is directly connected to Melbourne Convention & Exhibition Centre and is just a short walk to the Crown Casino and Melbourne’s CBD.

The Novotel South Wharf is owned via a 92-year long-term leasehold interest, commencing 18 September 2009, by Action Hotels Limited. Action Hotels is an owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. The company was established in 2005 by the founder and chairman, Sheikh Mubarak A.M. Al Sabah, and is listed on the London Stock Exchange.

The hotel is being offered for sale as part of a portfolio that also includes the Ibis Glen Waverley and the Ibis Budget Hotel Melbourne Airport.

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CoreLogic Australia

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