NEXT HOTEL – Melbourne, Victoria
We were able to negotiate a commercial deal that supported their investment objectives. QIC’s CEO at the time said that not only did Axsia achieve better than expected brand outcome, we were able to negotiate a commercial deal that supported their investment objectives.
Years of Engagement:July 2014 - 2016
Asset:Hotel Operator: Next Story Group
Hotel Brand: Next
Number of Rooms: 255 guest rooms and suites
Function/Meeting space: Circa 60m2
Hotel Amenities: Hotel Gym, Hotel All Day Dining Restaurant and Bar, Hotel Cocktail Bar and Lounge
Details of Engagement:Specific Hotel investment and operational expertise to complement owner-company skills
Concept Development & Feasibility
Operator Selection/Lease Negotiation
Outcome of Engagement:Represented the owner in a successful leasing agreement of key commercial terms.
Provided owner with support and preparation of documentation for internal approval process.