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Case Study

Largest hotel transaction by total value in Australia to date

Jones Lang LaSalle Hotels was appointed by Colonial First State to market the sale of the Australian Marriott Portfolio.
 
Situated in prime central business district locations, the Marriott Portfolio
comprises a total of 1,016 guest rooms across three recently refurbished five star hotels in Sydney, Melbourne and Brisbane.

Given the substantial scale of the offering, it was one of the most anticipated in
the Australian hotel investment market for a number of years with attributes
attracting the attention of a worldwide audience.
 
With a truly global integrated hotels team, Jones Lang LaSalle Hotels’ ability to
leverage its international network through dedicated offices located throughout
Australasia, Asia, Europe, the Middle East and the Americas to harness global capital ensured that the all geographic regions were canvassed with the opportunity. This resulted in a number of competitive bids being received and the vendor ultimately received the maximum return from their divestment strategy.
 
At a sale price of A$415 million, it was the largest hotel transaction by total value to ever occur in Australia.
 
For more information, please contact Craig Collins, +61 2 9220 8515

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