AccorInvest sells Australian Portfolio

AccorInvest has exited the Australian hotel market, selling its 23 hotel interests to iProsperity


Key points:

  • AccorInvest Portfolio sold to iProsperity in this years largest transaction

  • Portfolio features 17 real estate assets (1,797 keys) and six lease interests (1,249 keys)

  • The $200m plus deal was brokered by JLL Hotels


AccorInvest has exited the Australian hotel market, selling its 23 hotel interests to iProsperity for c. $200m in a deal brokered by JLL Hotels.


The Portfolio features 17 real estate assets comprising 1,797 rooms. Notable assets include the ibis Hotel & Apartments Melbourne, ibis Sydney Airport, ibis Budget Sydney Olympic Park and ibis Newcastle.


The six lease interests include The COMO MGallery by Sofitel in Melbourne, the Novotel, Mercure and ibis hotels in Brisbane and the Mercure and ibis hotels in Perth.


All hotels within the Portfolio are currently operated by AccorHotels.


AccorInvest is the spun-off hotel investment platform of Paris-listed AccorHotels. Last year 58% was sold to GIC, PIF, Credit Agricole Assurances, Colony NorthStar and Amundi for €4.6bn ($7.5bn).


Portfolio consists of:

  • Ibis Budget Canberra - 75 keys

  • Ibis Budget Campbelltown - 72 keys

  • Ibis Budget Casula Liverpool - 74 keys

  • Ibis Budget Coffs Harbour - 70 keys

  • Ibis Budget Dubbo - 65 keys

  • Ibis Budget Enfield - 80 keys

  • Ibis Budget Newcastle - 79 keys

  • Ibis Budget St Peters - 105 keys

  • Ibis Budget Sydney Olympic Park - 156 keys

  • Ibis Budget Wentworthville - 102 keys

  • ibis Newcastle - 97 keys

  • Ibis Sydney Airport Hotel - 200 keys

  • Ibis Thornleigh - 105 keys

  • Ibis Budget Brisbane Airport - 93 keys

  • Ibis Budget Dandenong - 71 keys

  • Ibis Budget Fawkner - 103 keys

  • Ibis Melbourne Hotel & Apartments - 250 keys

  • The COMO Melbourne - MGallery - 110 keys

  • Mercure Perth - 239 keys

  • Ibis Perth - 192 keys

  • Novotel Brisbane - 296 keys

  • Ibis Brisbane & Mercure Brisbane - 412 keys

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