InterContinental Sydney Double Bay | CBRE Hotels
On behalf of the owners, CBRE Hotels & Colliers are proud to exclusively present to the market the InterContinental Sydney Double Bay located at 33 Cross Street Double Bay, Sydney Australia.
This property is the former Ritz Carlton Double Bay. Given this property is situated on a significant freehold land parcel, has flexible zoning, is offered with vacant possession, and is in one of the most prime luxury communities in the world with residential sales rates above $100,000 per square metre (most recent sales at the adjoining residential development), we thought that it would be a great Dorchester Collection opportunity either for conversion, or redevelopment into a hotel with branded residences.
Please see below some of the investment highlights for your consideration:
Freehold 140-room luxury hotel with extensive guest amenities including six ground floor retail outlets, 793sqm of meeting & event space, restaurant and bar and an iconic rooftop pool bar
Prized eastern suburbs Sydney location within close proximity to the CBD, Bondi Beach and entertainment quarter
Prominent 3,674sqm site in the heart of Double Bay – one of Australia’s most affluent residential and retail markets
Recently refurbished, featuring ‘Australia’s Best Hotel Bar’
A strong in-place cash-flow
Vacant possession on sale
Material redevelopment opportunities, including residential and branded residence schemes (STCA)
Expressions of interest are due 12:00pm Wednesday, 05 April 2023 (AEST).
To discuss the opportunity in more detail, please contact the exclusive selling agents:
CBRE:
Michael Simpson
Managing Director, Capital Markets - Hotels
[email protected]
+61 431 649 724
Tom Gibson
Director, Capital Markets - Hotels
[email protected]
+61 437 538 888
Justin Brown
Chairman, Residential Projects
[email protected]
+61 434 432 586
Ben Wicks
Senior Director, Metropolitan Investments
[email protected]
+61 422 206 015
Colliers:
Guillaume Volz
National Director, Residential
[email protected]
+61 404 887 717
Matthew Meynell
Head of Investment Services, Australia
[email protected]
+61 413 988 878
Karen Wales
Head of Hotels, Australia
[email protected]
+61 405 227 152
Matt Pontey
Director, Sydney Metro Sales
[email protected]
+61 438 337 799