Fund overview

The Fund acquired the Mercure Sydney International Airport Hotel for $76.4 million. $50 million has been raised to assist with the acquisition of the Hotel. The Fund was launched on 24th October and closed significantly oversubscribed.

Charter Hall plans to undertake an extensive refurbishment and re-positioning of the hotel to enhance revenue and occupancy, and increase the value of the hotel.

The hotel is located at 22 Levey Street, Wolli Creek, a short distance from the the Sydney International Airport, and one of only three hotels in the International Airport precinct.

Fixed term fund

Closed for investment

Sydney Airport Hotel

Asset Name

Hotel

Asset Type

271

Room No.

Overview

The Fund acquired the Sydney International Airport Hotel.
Charter Hall has undertaken extensive refurbishment and repositioning of the Hotel to enhance revenue and occupancy, and increase the value of the hotel.
The hotel is located at 22 Levey Street, Wolli Creek, a short distance from the the Sydney International Airport, and one of only three hotels in the International Airport precinct.
The hotel was rebranded to the Novotel International Airport Hotel in April 2019.

Location

Board of Directors

Greg Paramor AO

Non-Executive Director

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Ross Strang

Non-Executive Director

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Sean McMahon

Executive Director

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Investor Relations

Enquiries

Important Information

This information has been prepared by Charter Hall FLK Funds Management Limited (ACN 138 125 881; AFSL 340990) (CHFFML) for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. While every care has been taken in the preparation of this website, CHFFML does not make any representation or warranty as to the accuracy or completeness of any statement in it, including without limitation any forecasts or opinions. Persons viewing this document should conduct their own inquiries and investigations. Forecasts, opinions and estimates provided on this website are based on assumptions, contingencies and market conditions which are subject to change without notice and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and should not be relied upon as an indication of future performance. Past performance is not a reliable indicator of future performance. Distribution forecasts are subject to risks and distributions may vary in the future. The information on this website is subject to change, and CHFFML is not responsible for providing updated information to any person. To the maximum extent permitted by law CFFML disclaims all liability for any loss or damage which may arise out of the provision to or are by any person of the information contained in this website. CHFFML does not receive fees in respect of the general financial product advice it may provide, however they will receive fees for operating the schemes of which it is the responsible entity (Schemes) which, in accordance with the Schemes' Constitutions, are calculated by reference to the value of the assets of the Schemes. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Schemes. For more detail on fees, see our latest annual report. To contact us, call +61 3 9903 6157 (local call cost).

Charter Hall Direct Sydney Airport Fund

Fund overview

Sydney Airport Hotel

Hotel

271

Overview