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Global investors circle the luxury five star Four Seasons Hotel Sydney


​SINGAPORE, 6 March 2013 - Whilst initial bids for the luxury five star Four Seasons Hotel Sydney are not due for another six weeks, a range of investors from across the globe are circling the landmark asset, which is being jointly marketed by Jones Lang LaSalle – Hotels & Hospitality Group, and boutique agency firm, McVay Real Estate.

Mr Craig Collins, CEO – Australasia, Jones Lang LaSalle - Hotels & Hospitality Group said, “We have received substantial enquiry from across the globe, however interest has been strongest from South-east Asia, China, Korea and the Middle East. It is very encouraging for the Australian hotel market that this campaign has caught the attention of not only traditional hotel investors but also a number of new groups that have not previously considered investing in this sector.”
 
Mr Collins added, “This range of offshore interest is not unexpected, given that offshore entities accounted for 72% of the AU$1.44 billion worth of hotels sold in Australia last year. Hong Kong investors were the top buyers of Australian hotels in 2012 followed by investors from Malaysia, Australia, Singapore and China. For this year, we have adjusted our forecast for total hotel transaction volume in 2013 from AU$1 billion to AU$1.2 billion.
 

Overlooking the iconic Sydney Harbour Bridge and Opera House from its exceptional location in the Circular Quay precinct of the CBD, the world-renowned hotel is being sold following an extensive $44.5 million refurbishment program over the past few years. 
The 35 level property features 531 guest rooms, four food & beverage outlets, substantial conference & meeting facilities, health spa, numerous retail tenancies, underground car parking and an off-site commercial laundry. Four Seasons Hotels and Resorts – a brand synonymous with luxury hotels world-wide, operates the hotel under a management agreement until 2026.
 
Mr Sam McVay, Managing Partner, McVay Real Estate said, “In 2012, the hotel underwent a comprehensive $15 million renovation, adding to its appeal.” He added, “The recent refurbishment works included the conversion of existing lobby areas into a new restaurant and bar as well as upgrades to conferencing spaces, the Executive Club Lounge, swimming pool area and lifts. This follows an $18 million refurbishment to the Grand Ballroom and all of the guest rooms & suites over recent years. Together, these projects have greatly enhanced the sense of arrival and overall guest experience”.
 

Mr Collins notes, "Investors around the globe consider the Sydney hotel investment market as one of the most attractive and stable in the Asia Pacific Region, reinforced by ongoing supply constraints combined with increasing corporate demand and two upcoming economy-boosting developments - Barangaroo and the Sydney International Convention, Exhibition & Entertainment Centre Precinct.”
Mr McVay added, “The Four Seasons Hotel presents a unique offering in the Australian hotel market, due to its unrivalled Sydney Harbour location, its world-class Four Seasons branding and its seven day trading ability due to attracting both the business and leisure markets.” 
 
Expressions of interest for the sale of the Four Seasons Hotel Sydney close midday (Sydney time) Friday 5 April 2013. For further information please contact the marketing agents – Craig Collins (+61 2 9220 8797 / craig.collins@ap.jll.com) or Sam McVay (+61 402 613 603 / sam@mcvayre.com.au).