Parkville, Victoria

Australia's Only Active Radisson Hotel - 89-Key Leasehold, 23-Year Tenure | Resort Brokers ID : LH009298

$3,900,000

Business Description

Park Inn by Radisson Melbourne Carlton presents a compelling leasehold opportunity, underpinned by 23 years of tenure security and the distinction of operating under one of Australia's only active Radisson hotel flag.

The 89-key hotel occupies a strategic position in Melbourne's inner north, benefiting from proximity to major hospitals, universities and the CBD. With five-minute tram access to the city and approximately 20 minutes from Melbourne Airport, the property is well positioned to capture strong corporate, leisure and group demand.

Significant upside exists through improved occupancy, average daily rate, yield management and market penetration. Established facilities, including a swimming pool, function and conference spaces, meeting rooms and an onsite café operated under sublease, provide further opportunities to grow revenue while generating passive rental income.

Backed by a globally recognised hotel brand and access to Jin Jiang International's extensive loyalty network, this opportunity combines brand strength, long-term tenure and clear operational upside in Melbourne's tightly held inner-north accommodation market.

- Secure 23-year lease providing long-term operational certainty and asset control.
- One of Australia's only active Radisson-flagged hotel, backed by global distribution and access to 170 million loyalty members.
- 89-key hotel strategically positioned in Parkville, within Melbourne's tightly held inner-north accommodation market.
- Significant occupancy and ADR upside, supported by an established corporate demand base.
- Exceptional connectivity with five-minute tram access to Melbourne CBD and 20 minutes to Melbourne Airport.
- Strong year-round demand driven by proximity to major hospitals, universities and key corporate precincts.
- Onsite café operated under sublease, providing a passive income stream.
- Comprehensive facilities including a swimming pool, function rooms, meeting spaces and conference capabilities.
- Inspections by appointment only.
Date updated: 18 Aug 2026 23:00:01