Carlton’s Travel Inn Hotel hits the market

Melbourne, 19 March 2015 – CBRE has been exclusively appointed to sell the freehold and business of the Travel Inn Hotel in Carlton on behalf of vendor Queenfield Pty Ltd.

The four-star hotel, located at 225-245 Drummond Street, covers a 2,236sqm site and features 100 guest rooms, restaurant, conference rooms, courtyard with swimming pool and 50 car spaces.

The property benefits from over 80metres of frontage to Drummond and Grattan Streets and a key location in close proximity to Melbourne Museum, IMAX Melbourne, The University of Melbourne, RMIT, Royal Melbourne Hospital and Carlton Gardens.

Scott Callow of CBRE will be selling the property freehold and business via a public Expressions of Interest campaign closing 30th April at 2.00pm.

“Quality accommodation assets of this kind rarely come to the market and interest from buyers is expected to be strong both locally and overseas”.

Mr Callow said the hotel’s prime CBD fringe location and established client base would be key selling factors.

“The Travel Inn Hotel boasts strong trading business with significant upside, providing significant earning and investment potential,” said Mr Callow.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.