The brand new 145-key Vibe Darling Harbour in Sydney has been listed for sale
Brand new 145-key Vibe Darling Harbour in the market
Scheduled to open in September 2019
“This offering presents the first opportunity to purchase a brand new major hotel in the Sydney CBD since the sale of the Four Points by Sheraton Sydney Central Park in 2017"
JLL Hotels & Hospitality Group has brought the Vibe Hotel Darling Harbour Sydney to market, which is located on Sussex Street in the CBD near the Sydney ICC.
The 145-key hotel is scheduled to open in September 2019 and will feature a restaurant, rooftop bar, and heated swimming pool.
Craig Collins, CEO Australasia of JLL Hotels and Hospitality Group, said: “This offering presents the first opportunity to purchase a brand new major hotel in the Sydney CBD since the sale of the Four Points by Sheraton Sydney Central Park in 2017. There were many hotel transactions in Sydney between 2013 and 2016, however since then there has been very limited opportunity to acquire a Sydney hotel. The majority of Sydney owners love their hotels and have no intention of selling over the medium term. Considering this, interest in this hotel should be strong as the next opportunity to acquire a similar hotel may be some time away.”
TFE Hotels will manage the Hotel. TFE Hotels comprises 73 hotels with 10,374 keys across Australia, New Zealand, and Europe.