Colliers International has been exclusively retained to offer for sale 252 Sussex Street (the "Hotel", "Property" or "Asset"), Sydney, New South Wales, currently trading as Seasons Harbour Plaza Sydney.
The Hotel incorporates 119 apartment sized hotel rooms over 19 floors and includes an exclusive floor with penthouse loft apartments with floor areas of 157sqm. The offering also includes a rooftop indoor heated pool, sauna, gym, restaurant with street frontage access and 34 car parking bays over four basement levels.
The Property is located within Sydney's burgeoning Western Corridor precinct in the heart of Sydney's CBD, providing easy access to public transport and multiple demand drivers including the newly completed International Convention Centre, Darling Harbour
The Hotel is currently operated under a lease agreement with Seasons Apartment Hotel Group, with the hotel branded as "Seasons Harbour Plaza Sydney". This agreement expires in November 2021, however early termination is possible, thereby permitting an incoming purchaser with the lease agreement to acquire the property with freehold vacant possession.
The sale offers the opportunity to secure a strategic position in the tightly held Sydney Central Business District that will benefit from its close proximity to tourism demand generating infrastructure.
The property is being offered For Sale by Expressions of Interest closing 14 September 2017 (AEST).