Brisbane’s newest boutique hotel TRYP Fortitude Valley listed for sale

Brisbane, 30 July 2015 – Brisbane’s only street art hotel - TRYP Fortitude Valley is to be offered for sale in an International Expressions of Interest campaign.

Wayne Bunz and Rob Cross of CBRE Hotels have been exclusively appointed to sell the new boutique hotel, which opened late last year in the trendy Fortitude Valley area in Brisbane.

TRYP Fortitude Valley is a 4-star boutique hotel, situated in the heart of Brisbane’s most exciting cultural and entertainment hub. The hotel benefits from its close proximity to key demand generators including the Brisbane CBD, James Street, RNA Showgrounds, Chinatown and easy access to the Brisbane International Airport, major sporting stadiums and the Brisbane Convention Centre.

The hotel is the first TRYP by Wyndham branded hotel in the Asia Pacific region and a flagship property for the world renowned operator, Wyndham Hotels & Resorts.

The hotel features 65 well-appointed guest rooms, a library themed meeting room and exceptional food and beverage outlets, including the rooftop bar ‘Up on Constance’ and its iconic restaurant Chur Burger, from award-winning chef Warren Turnbull.

Each floor of the hotel features striking urban street art and colourful murals by world-acclaimed street artists Magee, Numskull, Rone and Beastman, coupled with an exceptional blend of finishes showcasing elements of Brisbane’s unique heritage. The edgy artwork is also replicated in the bathroom basins, funky private courtyards and framed prints within the themed rooms.

TRYP Fortitude Valley has been widely recognised for its unique architecture with a number of awards, including the Master Builders award for building and renovation, the Queensland Institute of Architects regional award for interior architecture and is also nominated in the upcoming Australian Institute of Architects national awards.

CBRE Hotel’s Senior Director Wayne Bunz noted; “Brisbane has seen consistent economic growth in recent years and has become one of the most sought-after destinations for hotel operators in Australia. Brisbane is powering along and benefitting from record investment projects, including: the Brisbane Airport Corporation’s $3.3 billion expansion, extensive public transport infrastructure, the regeneration of the RNA Showgrounds and Echo’s $2 billion investment into the Queens Wharf casino, retail and entertainment precinct. These developments represent significant marks of confidence in Brisbane”.

CBRE Hotels Senior Director Rob Cross added; “The unique design of the hotel, coupled with its exceptional location amongst key demand generators and strong food and beverage venues is expected to underpin buyer interest.”

The sale plans coincide with the owner’s decision to focus on developing additional TRYP hotels.  TRYP’s owner Jay McPhee noted that “upon the successful sale of TRYP Fortitude Valley, we will be looking to partner with Wyndham Hotels & Resorts to assist with their rapid expansion of TRYP hotels across Australia.”

Wyndham’s growth strategy includes key locations such as Sydney, Melbourne, Perth, Adelaide and the Gold Coast.

The International Expressions of Interest campaign for TRYP by Wyndham Brisbane closes 24 September 2015 at 1:00pm AEST.

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.