Novotel Brisbane

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest rooms 296
Number of F&B Outlets Three outlets comprising The Restaurant, The Bar, and Plan B Café
Banquet/Conference/Meeting facilities 11 versatile conference and function rooms for up to 350 delegates featuring pillarless ballroom, executive boardroom, conference café and a unique pool deck area
Car park facilities 70 car park lots
Land area 6,235 sq m
Gross floor area 28,049 sq m
Title Strata Volumetric Freehold
Vendor Tourism Asset Holdings Limited
Purchase price at 18 February 2010 A$63.5 million
Valuation (1) as at 31 December 2016 A$68.0 million
Master Lease Details [  –  ]
Master lessee AAPC Properties Pty Ltd, a subsidiary of Accor S.A.
Term of lease Approximately 11 years from 19 February 2010, expiring on 30 April 2021
Minimum rental income A$4.9 million
FY 2015 Key Financials [  –  ]
Rental income S$5.5 million (2)
(A$5.3 million)
Net property income S$5.5 million (2)
(A$5.3 million)
Average Occupancy rate 75.2%
  • (1)The properties were valued by CBRE Valuations Pty Limited using the Discounted Cash Flow approach.
  • (2)Based on the average exchange rate of A$1.00 = S$1.0341.

Novotel Brisbane 200 Creek Street

  • Guest Room

    296
    Guest Rooms

  • Land Area

    6,235 sq m
    Land Area

  • In Valuation

    A$68 million
    In Valuation

Novotel Brisbane offers 296 modern rooms and suites with comprehensive conference and leisure facilities in the heart of Brisbane. Located in the CBD, within walking distance to the Central Station, Queen Street Mall and the Riverside boardwalk, this hotel is one of Queensland's more popular and stylish hotels amongst multinational corporate and government bodies. Its functional yet stylish features include conference facilities consisting 11 separate venues for up to 350 delegates. The venues feature natural light and spacious pre-function areas.

The property also features a restaurant, a café, a bar, a large outdoor swimming pool and a gymnasium. For its green initiatives and environmental management, Novotel Brisbane was ISO 14001 certified from 2013 to 2015. The hotel was also awarded the Gold Planet 21 rating in 2014 and 2015 for its sustainability efforts.

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