Holiday Inn Melbourne Airport Ground Lease Sold

InterContinental Hotels Group off-loaded the Holiday Inn Melbourne Airport ground lease, which expires in the next decade or so



Key Points:

  • IHG off-loads Holiday Inn Melbourne Airport

  • Terms of the sale included a major refurbishment

  • 207-key, 4.5-star hotel is located outside both Melbourne domestic and international airport terminals


In a complicated off-market deal, InterContinental Hotels Group off-loaded the Holiday Inn Melbourne Airport ground lease, which expires in the next decade or so.


Terms of the sale included a major refurbishment of the older-style property and a commitment to sign a new leasehold agreement with IHG at the end of the current lease.


The 207-key, 4.5-star hotel is located outside both Melbourne’s domestic and international airport terminals at Tullamarine.


Melbourne Airport owns the freehold land.


Separately, Melbourne Airport will be building a new 464-room hotel, the first new build in the area since 2002.

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