The near new Mantra Melbourne Epping Hotel in Melbourne’s North has been listed for sale by Australian Proprietary Company Epping SPV.
Located at 250 Cooper Street, the 4.5-star hotel opened in 2019 and is currently operated by Accor Hotels under the Mantra brand.
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 hotel’s guest facilities include the Trader Café Restaurant and Bar as well as the Republic Tavern, Beer Republic Brewery & Twist Distillery, a standalone brewpub facility with onsite brewing capability. There are also conference and meeting rooms with capacity for 500 guests, a gym and 145 ground-level car parks.
CBRE Hotel’s Michael Simpson, Vasso Zographou and Scott Callow are managing the sale of the hotel via an Expressions of Interest campaign closing Friday 5th of April 2024.
The hotel is available with the continuance of management under the Mantra brand or vacant possession is available, providing the incoming purchaser with a choice of branding and management options.
“Epping is a strategic urban hub and is experiencing growth in the areas of medical, commercial business parks and logistics including major private and public investment in intermodal freight terminals, while accommodating Melbourne’s housing needs through residential development,” Mr Simpson said.
“As Epping and the broader Northern Corridor continue to develop, the hotel will provide a critical facility catering to both social and business requirements.”
Mr Zographou added, “The significant public and private capital investment in Melbourne’s Northern Corridor is evident with the growth in ‘state of the art’ facilities. In addition to this, the hotel benefits from a broad spectrum of demand generators arising from the commercial activities in the area as well as the Visiting Friends and Relatives segment which is commensurate with a growing residential footprint.”
