CBRE Hotels is pleased to exclusively present for sale the iconic Pullman Cairns International and Village Lane retail & commercial arcade.
Investment Highlights:
- Largest 5-star hotel in Cairns with 324 rooms including 6 suites, extensive facilities, and parking for 184 vehicles with the Village Lane precinct on an exceptional 8,139sqm freehold site
- Prime location in Cairns CBD, between the Convention Centre and The Reef Hotel Casino, 250 metres from the Esplanade.
- Repositioning potential: Vacant possession available for rebranding and repositioning, with opportunities to relocate/repurpose underutilised space, grow MICE business, and complete second-stage refurbishments.
- 211 rooms underwent a meticulous renovation in 2021 to enhance the guest experience, and the hotel boasts institutional-grade construction with extensive back-of-house facilities.
- Managed by Accor Hotels, a leading global hotel operator.
- Historically robust financial performance and diversified income streams including passive income from the retail & commercial precinct with 23 tenancies.
- Increased post-pandemic construction costs limit new hotel supply.
- Approximately $1.22 billion committed to upgrading and building Cairns' infrastructure.
For more detailed information regarding the property or to organise an inspection, please contact the exclusive agents.
