Ibis Brisbane

  • Property Details
  • Overview
Property Details [  –  ]
Number of guest rooms 218
Number of food & beverage outlets Two outlets comprising iBar and iBistro
Banquet/Conference/Meeting facilities One function room for up to 70 guests
Car park facilities 109 car park lots
Land area 3,847 sq m
Gross floor area 38,972 sq m
Title Freehold
Vendor Tourism Asset Holdings Limited
Purchase price at 18 February 2010 A$53.7 million
Valuation (2) as at 31 December 2014 A$62.5 million
Master Lease Details [  –  ]
Master lessee AAPC Properties Pty Ltd, a subsidiary of Accor S.A.
Term of lease with master lessee Approximately 11 years from 19 February 2010, expiring on 30 April 2021
Minimum rental income A$4.1 million
Key Financials [  –  ]
Rental income from the property for FY 2014 S$5.0 million (3)
(A$4.4 million)
Net property income from the property for FY 2014 S$5.0 million (3)
(A$4.4 million)
  • (1)The Mercure Brisbane and the Ibis Brisbane hotels are interconnected at ground level and situated on one freehold title.
  • (2)The properties were valued by CBRE Valuations Pty Limited using the Discounted Cash Flow approach.
  • (3)Based on the average exchange rate of A$1.00 = S$1.1393.

Ibis Brisbane 27-35 Turbot Street

A host of contemporary and functional hotels in central Brisbane, the capital city of Queensland.

  • Guest Room

    218
    Guest Rooms

  • Land Area

    3,847 sqm
    Land Area

  • In Valuation

    A$63 million
    In Valuation

Mercure and Ibis Brisbane are interconnected at the ground level and located adjacent to the government and legal precinct. The hotels are walking distance to the South Bank cultural centre including the Queensland Gallery of Modern Art, Queensland Performing Arts Centre, internationally acclaimed Brisbane Convention and Exhibition Centre and 16 hectares of cafés, restaurants, cycle paths, gardens, swimming lagoon and vibrant weekend markets.

Ibis Brisbane features 218 spacious rooms with a restaurant, a bar and a function room. Environmental accolades received by the hotel during the year include the ISO 14001 environmental certification as well as the Gold Planet 21 rating.

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