152-Key Five-Star Boutique Hotel With 16,000 SQM Office Space For Sale in Hobart, Tasmania

By Dev Anand | 21 July 2021

Location: Overlooking Hobart’s Waterfront and CBD, Tasmania, Australia

Name: The Tasman, a Luxury Collection Hotel – Marriott

Guide Price: TBA

No. of Keys: 152 Bedrooms, With 16,283 sqm Office Space Let to Local Government 16 Years Remaining

The Opportunity: To acquire this beautiful dual-purpose building, right in the heart of the action in Hobart, itself one of the most enticing cities in Australia. The building comprises a 152 rooms and suites five-star hotel, with restaurant, bar, conference and events space. The agreement with Marriott’s Luxury Collection brand has 15 years term. The hotel is so close to Hobart’s Parliament House, the local government have secured the 16,283 sqm office space, with a 16 year left-to-run lease.

The hotel just opened in March 2021. Expressions of Interest required by Wednesday 25th August 2021.

Main Picture: The dual-purpose, hotel & office building

Current Owner: A private company

Flag and Management: 15 year management agreement with Marriott’s Luxury Collection brand

Financials: New hotel, so not much – projections for 2021/22

Tenure: Freehold

Agent: CBRE – THPT would need to be retained by the Buyer

Guide Price: TBA

Date Posted: July 2021

THPT Comment: A great opportunity to take on this fab boutique hotel, with guaranteed income from the office side, and no doubt Hobart will be the prime recipient of Australian staycation market.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email [email protected].

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.

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