The hotel sits on a 9,448sqm site and consists of 214 keys across the configurations of 181 hotel rooms, 30 dual key apartments, two suites and one penthouse.
The 105-room hotel opened in 2022 and forms part of a mixed-use development, containing boutique office spaces and two restaurants operated by some of Australia’s most reputable food and beverage operators. It also incorporates 35 apartments which are not included in the sale.
The Prince of Wales Hotel, an iconic establishment in St Kilda, has been listed for sale by Melbourne-based hospitality business, Jackalope Group, which purchased the property in 2015 for $45 million.
Hong Kong’s Far East Consortium is moving to sell two of Australia’s most prestigious hotels - The Ritz-Carlton, Melbourne and The Ritz-Carlton, Perth - amid strong demand for trophy luxury hotel investment opportunities in Australia.
Melbourne’s award-winning Quincy Hotel, on the iconic Flinders Lane, has been listed for sale by international hotel owner InterGlobe Enterprises.