Mercure Brisbane and Ibis Brisbane
- Property Details
Property Details [ – ]
Hotel: Mercure Brisbane
|Number of Guest rooms||194|
|Number of F&B Outlets||One outlet comprising M Republic Restaurant, Bar and Lounge|
|Banquet/Conference/Meeting facilities||Three floors of function facilities and 11 conference rooms with ample pre-function areas with natural light for up to 900 delegates|
|Car park facilities (1)||109 car park lots (shared with Ibis Brisbane)|
|Land area (1)||3,847 sq m (together with Ibis Brisbane)|
|Gross floor area (1)||38,972 sq m (together with Ibis Brisbane)|
|Title (2)||Freehold (together with Ibis Brisbane)|
|Vendor||Tourism Asset Holdings Limited|
|Purchase price at 18 February 2010||A$53.7 million (together with Ibis Brisbane)|
|Valuation (3) as at 31 December 2016||A$62.0 million (Valued together with Ibis Brisbane)|
Hotel: Ibis Brisbane
|Number of Guest rooms||218|
|Number of F&B Outlets||Two outlets comprising Ibis Kitchen and The Bar|
|Meeting facilities||One function room for up to 70 guests|
Master Lease Details [ – ]
Hotel: Mercure Brisbane and Ibis Brisbane
|Master lessee||AAPC Properties Pty Ltd, a subsidiary of Accor S.A.|
|Term of lease||Approximately 11 years from 19 February 2010, expiring on 30 April 2021|
|Minimum rental income||A$4.1 million|
- (1)The carpark lots, land area and gross floor area of Mercure Brisbane and Ibis Brisbane are calculated together as they are under one freehold title
- (2)The Mercure Brisbane and the Ibis Brisbane hotels are interconnected at ground level and situated on one freehold title.
- (3)The properties were valued by CBRE Valuations Pty Limited using the Discounted Cash Flow approach.
- (4)Based on the average exchange rate of A$1.00 = S$1.0341.
Mercure Brisbane 85-87 North Quay
Ibis Brisbane 27-35 Turbot Street
3,847 sq m
Mercure and Ibis Brisbane are interconnected at the ground level and located adjacent to the government and legal precinct. The hotels are within 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.
Mercure Brisbane's 194 spacious and comfortable rooms offer spectacular views over the Brisbane River and the city. The hotel offers a newly refurbished lobby, F&B outlet, as well as three floors of function facilities and 11 conference rooms featuring ample pre-function areas and natural light. The hotel was awarded the Gold Planet 21 rating in 2014 and 2015 for its sustainability efforts. It also received the ISO 14001 environmental certification in 2015.
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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