ACE HOTEL – Sydney, New South Wales
Client:Golden Age Group
Years of Engagement:January 2022 - Current
Asset:Hotel Operator: Atelier
Number of Rooms: 257 guest rooms and suites
Function/Meeting space: Circa 250m2
Hotel Amenities: Hotel All Day Dining, Rooftop Restaurant and Bar, Hotel Lobby Bar, Ace Branded Merchandise
Details of Engagement:Specific Hotel investment and operational expertise to complement owner-company skills
Outcome of Engagement:Established local brand reputation through a successful launch.
Achieve RevPAR and deliver on owner’s investment returns.
Provided independent advice and financial modelling to inform the Hotel valuation, which ultimately supported strong valuation, underwriting project finance.