KIMPTON SYDNEY

Deal Rationale
Sydney is the most desired investment destination in Australia & APAC with a long-term track record of trading outperformance.
Hotel is offered with vacant possession of management, representing the first major 5-star Sydney CBD hotel to be offered with vacant possession since 2012.
Existing 5-star hotels in Sydney CBD remain tightly held with long-term management agreements. Thus, opportunities for hotel brands to enter this highly sought-after, globally recognised market remain very rare. Hotel is one of Sydney’s newest 5-star hotels, converted in 2016.
An opportunity presented itself to bring in a global luxury brand operator to manage the hotel and improve the ADR in-line with other 5-star luxury hotels in the market.
Additional refurbishment on Food & Beverage and Meeting Rooms.

Asset Details
Location: Sydney, NSW, Australia
Brand / Chain Scale: KIMPTON / Luxury
Quality Star Rating : 5-star
Rooms / Keys: 200

Facilities
Food & Beverage: 2 Bars, 1 Restaurant
Meeting &Events: 3 Boardrooms & 3 Meeting Rooms
Amenity Inclusions: 1 Rooftop Pool, 1 Gym, 12 Carparking Spaces

Pro-invest Project Financials
Gross IRR %: 22% to 24%
Gross Multiple of Invested Capital: 1.9x to 2.1x
Acquisition Date Expected: Q2 2021