- Property Details
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 2017||A$72.0 million|
Master Lease Details [ – ]
|Master lessee||HI Operations 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|
- (1)The properties were valued by Jones Lang Lasalle Property Consultants Pte. Ltd. using the Discounted Cash Flow approach.
- (2)Based on the average exchange rate of A$1.00 = S$1.0567.
Novotel Brisbane 200 Creek Street
6,235 sq m
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, sauna 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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