Swan Suites, an all-suite hotel in the heart of one of Sydney’s fastest-growing suburbs, is being offered to market with the asset presenting an exceptional opportunity for investors seeking a high-quality asset with flexible acquisition structures.
The hotel, located at 2 Chalmers Crescent, Mascot, is currently under construction, occupying a prime freehold site of approximately 1,248 sqm which, upon completion, will feature 124 elegantly appointed guest suites, a bar, restaurant, gym, and car parking facilities.
With strong interest already shown by major hotel operators, the property also offers investors the opportunity to capitalise on a proposed alternate scheme, subject to council approval, which could increase the suite count to 134, further enhancing the asset's long-term value.
Commenting on the opportunity, Mark Durran, Managing Director, Hotel Capital Markets at Savills Australia and New Zealand said, “Opportunities to own a hotel beside Australia’s busiest airport are rare.
“Swan Suites, designed by the award-winning Koichi Takada Architects, will cater to both leisure, corporate and long-stay travellers thanks to its all-suite configuration offering versatility for investors,” Mr Durran concluded.