Colliers was requested by the vendor to run a joint campaign with the hotels and development site sales teams for the sale of a motel or possible development site.
Hotels and Residential worked together jointly on the campaign which was highly competitive with strong interest from both moteliers and property developers.
• By utilising two asset classes we ensured no potential purchaser was overlooked.
• The final highest and cleanest offer came from a motelier.
We had a six-week time frame to build the final report on the $3 billion Integrated Resort Development, including Casino and approximately 2,000 apartments, 1,000 premier hotel rooms, new retail precincts with approximately 50 food and beverage outlets, a new pedestrian bridge to Southbank and significant provision of enhances public spaces.
The scope of the work required Barry to have Strategic Advisory’s Carl Knaggs, David Skerrett, Mai Trinh to coordinate and run the project, with the support of Baden Mulcahy (Valuations, Hotels) and Barry’s hotel market expertise. We worked closely with the client to provide a comprehensive project overview, market analysis and forecasting for the hotel, retail and commercial components of the project.
This appointment further cements our relationship with Macquarie who we have worked with on the Pulse Consortium’s successful bid for Cross River Rail project.
Colliers was requested by the vendor to run a joint campaign with the hotels and development site sales teams for the sale of a motel or possible development site.
Hotels and Residential worked together jointly on the campaign which was highly competitive with strong interest from both moteliers and property developers.
• By utilising two asset classes we ensured no potential purchaser was overlooked.
• The final highest and cleanest offer came from a motelier.
We had a six-week time frame to build the final report on the $3 billion Integrated Resort Development, including Casino and approximately 2,000 apartments, 1,000 premier hotel rooms, new retail precincts with approximately 50 food and beverage outlets, a new pedestrian bridge to Southbank and significant provision of enhances public spaces.
The scope of the work required Barry to have Strategic Advisory’s Carl Knaggs, David Skerrett, Mai Trinh to coordinate and run the project, with the support of Baden Mulcahy (Valuations, Hotels) and Barry’s hotel market expertise. We worked closely with the client to provide a comprehensive project overview, market analysis and forecasting for the hotel, retail and commercial components of the project.
This appointment further cements our relationship with Macquarie who we have worked with on the Pulse Consortium’s successful bid for Cross River Rail project.