142 Constance St, Fortitude Valley, Queensland
LIMES HOTEL - FORTITUDE VALLEY, BRISBANE
SOLD
Business Description
CBRE Hotels is delighted to offer for sale the interest in Limes Hotel in Fortitude Valley via an Expression of Interest campaign.
Key investment considerations include:
- 4.0-star award-winning Alexander Lotersztain designed hotel which opened in 2008
- 21 boutique guest rooms, rooftop bar and function room with two plunge pools
- Offered with vacant possession - ideal for owner operators and boutique brands
- High profile asset with strong brand equity
- Operational simplicity - limited service offering with an efficient design and layout
- Attracts a mix of mid-week corporate demand and weekend leisure demand
- Located in close proximity to major demand generators including the CBD, Fortitude Valley Entertainment precinct, RNA Showgrounds and Convention Centre, Royal Brisbane and Women’s Hospital and surrounded by office and retail precincts
Under instructions from Anthony Connelly and Jamie Harris (in their capacity as Receivers and Managers/Agents for the Mortgagee).
Business Summary
Key Investment Insights
1. Highly desirable location in Fortitude Valley, a popular and vibrant area in Brisbane with strong demand for accommodation.
2. Award-winning hotel designed by renowned architect Alexander Lotersztain, offering a unique and stylish experience for guests.
3. 21 boutique guest rooms, rooftop bar and function room with two plunge pools, providing a range of amenities and services for guests.
4. Offered with vacant possession, providing an opportunity for owner operators and boutique brands to make their mark on the property.
5. Strong brand equity and high profile asset, making it an attractive investment opportunity.
6. Operational simplicity with limited service offering and efficient design and layout, making it easy to manage and operate.
7. Diverse mix of mid-week corporate demand and weekend leisure demand, providing a steady stream of income throughout the week.
8. Close proximity to major demand generators such as the CBD, Fortitude Valley Entertainment precinct, RNA Showgrounds and Convention Centre, and Royal Brisbane and Women’s Hospital, ensuring a steady flow of guests.
9. Surrounded by office and retail precincts, providing potential for corporate and business guests.
10. Being sold under instructions from Receivers and Managers/Agents for the Mortgagee, providing an opportunity for a potential bargain purchase.
