What asset was sold in this transaction?

The newly developed 4-star Trio Hotel in Box Hill, within the Trio mixed-use precinct, was sold with vacant possession.

What was the reported sale price?

The article reports a sale price of $30.7 million.

Where is the Trio Hotel located?

It is located at 851 Whitehorse Road, Box Hill, around 14 kilometres east of the Melbourne CBD.

How many rooms does the hotel have and what facilities are included?

The hotel has 128 guest rooms and includes a restaurant, cocktail bar, function and event spaces, plus access to shared amenities including an indoor pool, gym, sauna, steam room, and gardens.

Why is vacant possession important for the buyer?

Vacant possession provides flexibility around branding, fit-out, and operating strategy.

Who negotiated the sale according to the article?

The sale was negotiated by Savills representatives Benson Zhou, Nick Lower, and Mark Durran.

What does the article say about buyer demand for Australian hotel assets?

It states there is strong engagement from both domestic and offshore buyers, with sustained appetite from Asia for modern, scalable hotel assets in major city markets and growth corridors.

Newly Developed 4‑star Trio Hotel in Box Hill Sold for...

The newly developed 4‑star Trio Hotel in Melbourne’s east has sold for $30.7 million to a private Chinese investor. It marks one of the most significant metropolitan Melbourne hotel transactions over the past year and highlights the robust offshore capital in Victoria’s hotel market.

Located within the landmark Trio mixed‑use precinct at 851 Whitehorse Road in Box Hill, the 128‑room upscale hotel was sold with vacant possession, providing the incoming owner complete flexibility around branding, fit‑out, and operational strategy.

Benson Zhou, Director of Hotels and State Head of Asia Markets at Savills Australia and New Zealand, said, “This transaction is a strong example of Savills’ ability to access and engage offshore private capital, particularly from Asia, where appetite for high-quality Australian hotel assets remains strong. The buyer is a highly experienced hotel owner and operator in China, and the flexibility offered by Trio Hotel Box Hill was a key driver in this transaction.

“We have seen consistent enquiry from Asian groups seeking scale, modern assets, and entry points into Australia’s major cities and growth corridors.” Mr Zhou added.

Positioned approximately 14 kilometres east of the Melbourne CBD, Trio Hotel Box Hill sits within the suburb widely recognised as Melbourne’s “Second CBD.” The property is surrounded by major healthcare institutions, education facilities, retail offerings and public transport links. Hotel features include 128 contemporary guest rooms, a 90‑seat restaurant, cocktail bar, and function and event spaces for up to 300 guests, along with access to premium shared amenities such as an indoor pool, gym, sauna, steam room, and landscaped gardens.

Nick Lower, National Director of Hotels at Savills Australia and New Zealand, said the sale reflects Savills’ continued momentum in the Victorian hotel market.

“This result highlights the depth of demand for hotel assets across Victoria and reinforces Savills’ position as one of the most active hotel transaction advisers in the state. We’re seeing strong engagement from both domestic and offshore buyers, with particular interest in newly built assets that offer flexibility and long-term growth potential.” Mr Lower said.

Mark Durran, Managing Director of Hotel Capital Markets at Savills Australia and New Zealand, added, “International buyers remain highly competitive when quality hotel opportunities are brought to market, particularly where vacant possession and repositioning optionality exist.”

The sale was exclusively negotiated by Benson Zhou, Nick Lower, and Mark Durran of Savills Australia and New Zealand. Pomeroy Pacific’s Head of Development, Nick Grear, acted as Vendor Representative and Transaction Advisor to the vendor throughout the sale process.