- Property Details
Property Details [ – ]
|Number of guest rooms||194|
|Number of food & beverage outlets||One outlet comprising Mercure Restaurant & Bar|
|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||109 car park lots|
|Land area||3,847 sq m|
|Gross floor area||38,972 sq m|
|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|
- (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.
Mercure Brisbane 8587 North Quay
A host of contemporary and functional hotels in central Brisbane, the capital city of Queensland.
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.
Mercure Brisbanes 194 spacious and comfortable rooms offer spectacular views over the Brisbane River and the city. The hotel offers a newly refurbished lobby and restaurant, and a bar, 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 2013 and 2014 for its sustainability efforts. It also received the ISO 14001 environmental certification in 2014.
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