MERCURE – Doncaster, Victoria
Client:
Accord Property GroupYears of Engagement:
January 2021 - CurrentAsset:
Hotel Operator: AccorHotel Brand: Mercure
Number of Rooms: 183 guest rooms and suites
Function/Meeting space: Circa 360m2
Hotel Amenities: Hotel Gym and Pool, Chido Chido – Hotel All Day Dining, Hotel Lobby Bar
Details of Engagement:
Specific Hotel investment and operational expertise to complement owner-company skillsValuation and Funding Advisory
Asset Management
Outcome of Engagement:
Establish local brand reputation.Developing alignment with operator to drive RevPAR required to achieve year 3 stabilised projections.
Obtained construction funding and property funding post opening.
Awards:
Victorian Accommodation Awards for Excellence - Mid-range accommodation Hotel of the YearAHA National Awards for Excellence - Best Mid-Range Accommodation 2022
