ProInvest / DWS Acquire Sebel Canberra

Pro-Invest Group & DWS have acquired the brand new Sebel Canberra Hotel in a $48m off-market deal

Key Points:

  • Pro-Invest have purchased the brand new Sebel Canberra Hotel

  • 144 serviced apartment style rooms, opened June 2019

  • Deal brokered for $48m by JLL Hotels

Global real estate investment manager, DWS, and Pro-Invest Group have purchased the brand new Sebel Canberra Hotel. The $48 million off-market deal was brokered through JLL Hotels & Hospitality Group.

Pro-Invest Group remains an active participant in the hotel space, with a number of acquisitions and development projects announced across the country.

The Hotel, developed by Zapari Group, features 144 new serviced apartment style rooms over eleven floors. The 126 studio rooms features kitchenette facilities and the 18 one-bedroom suites include full kitchen facilities. At ground floor is a restaurant, bar and teahouse. The new build hotel opened in June and is performing strongly. Zapari Group will lease level 10 as its new head office.

Mr Durran said, “Canberra is an investment hotspot at present. It offers attractive yields relative to other capital cities, with a positive long-term growth profile for the hotel market.”

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