Serene Selling Melbourne Ibis

Fund manager Serene Capital has put the 235-room Ibis Swanston Street up for sale

Key points:

  • 235-room Ibis Swanston Street hotel in Melbourne's CBD

  • Serene bought the hotel for c. $52m

  • Seeking $70m with potential conversion to student accom

Fund manager Serene Capital is looking to sell the 235-key Ibis Swanston Street hotel in Melbourne's CBD.

Serene paid $52m for the then Tune budget hotel and is now seeking $70m for the hotel.

The hotel could potentially be converted into student accommodation.

Serene Capital's portfolio includes Mercure Penrith, Sage Wollongong, Ibis Budget Perth Airport, Tryp Brisbane and Quest Penrith.

Subscribe to Our Weekly Hotels ANZ Newsletter

  • White LinkedIn Icon

© 2019 HotelsANZ