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AccorHotels to sell 23 hotels in Australia

AccorInvest has put a portfolio of 23 hotels in Australia on the market for sale.

The portfolio consists of 23 hotels (17 real estate assets comprising 1,797 rooms and six lease interests comprising 1,249 rooms under the MGallery, Novotel, Mercure and ibis brands) across Sydney, Melbourne, Brisbane, Canberra, Perth and several key regional locations.

Being offered through JLL Hotels and Hospitality Group, the sale is set to be the largest ever seen in the nation in terms of hotel transactions.

“Never before has a portfolio of this nature been offered for sale to the open market in Australia,” JLL says.

“The scale of this Portfolio and its diversity – in terms of location, market positioning and income profile – provides investors with an opportunity to immediately establish an unparalleled foothold in Australia’s key hotel markets.”

According to JLL, while the hotels are currently managed by AccorHotels, several “are available for acquisition subject to a franchise agreement or with vacant possession if required”.

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