FOR SALE: THE HOTEL IBIS STYLES IN ALBANY

Perth, 26 February 2014 - ​Ibis Styles Albany part of the Accor worldwide group of hotels is on the market.  Ibis is now the world’s largest economy brand with an expected 1900 hotels by the end of 2014.

Accor is by far the largest hotel group in the Asia Pacific region.

This property has been the leader in occupancy and consistently No.1 for Wotif in Albany and The Great Southern for nearly a decade.

The owners have successfully run this business for the past 11 years and are now domiciled in Perth developing a new hotel.

“The Hotel has 50 guest rooms and suites with the majority of the inventory being King bedded rooms.  The Ibis Styles has a 200 seat fully licensed restaurant known as Country Manor Bar and Grill which is one of the most popular restaurants in the Great Southern  catering to both locals and tourists alike”. said CBRE selling agent David Kennedy.

The property has been recently refurbished and meticulously maintained as are the manicured gardens and lawns.  Planning approval has been given for an additional 6 suites.  The Ibis styles position is unique in that it has nearly 8000 m2 of land on the two highway frontages of Albany Highway and the South Coast Highway.

The property is being offered to sale by the Expressions of Interest process by David Kennedy and Ryan McGinnity of the CBRE Hotels office in Perth and that process will close on Wednesday 2 April 2014 at 4:00pm.

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 firm (in terms of 2011 revenue).  The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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 Web site at www.cbre.com.