ibis budget campbelltown hotel listed for sale
Two Ibis Budget hotels in Sydney’s west have been listed for sale. Image: Supplied.
  • The hotels are expected to benefit from the new Western Sydney Airport.
  • Are located in Casula and Campbelltown.
  • Comes as several other hotels are listed or sold.

Two more hotels have come to market, amidst a recent flurry of listings and transactions.

While some were on the premium end of the market, including Sofitel, Ovolo, and Ritz-Carlton, a full spectrum of the hospitality industry was on show, including midtier hotels, and smaller properties.

The latest listing includes the Ibis Budget Casula Liverpool, and Ibis Budget Campbelltown, located at 437 Hume Highway, and 3 Rennie Road, respectively.

Ibis Budget Casula Liverpool underwent renovations in 2016 and comprises 74 rooms. Ibis Budget Campbelltown was refurbished in 2011 and comprises 72 rooms.

Both properties are over half an hour from the Sydney CBD but are located a stone’s throw from their respective city and town centres. The Campbelltown property also enjoys close proximity to the Campbelltown train station, major road connections, and key demand generators, such as Western Sydney University, TAFE NSW, Campbelltown Hospital, and Campbelltown Sports Stadium.

ibis budget casula liverpool hotel listed for sale
The Ibis Budget Casula Liverpool is one of two hotels coming to market. Image: Supplied.

The greater Western Sydney region is being established as a polycentric city with the development of the airport-centred Aerotropolis complemented by the strength of the existing centres of Liverpool, Greater Penrith and Campbelltown-Macarthur.

The region is experiencing a large proportion of Australia’s population growth and has positioned itself as the third-largest economy in Australia behind the Sydney and Melbourne CBDs. Western Sydney Airport and several public and private developments are being added to the existing infrastructure to support the development of the Aerotropolis.

“This is an exceptional opportunity allowing an in-coming purchaser to acquire two profitable and well-positioned freehold going concern hotels that offer the flexibility of vacant possession or new management, product repositioning and future redevelopment,” said CBRE Hotel’s Michael Simpson.

CBRE Hotel’s Tom Gibson added new airport and surrounding developments are expected to have a significant positive impact on these hotels.

“With a long history of profitability and appeal to a wide variety of demand segments including business and leisure, these assets will continue to benefit from the strong demand growth arising from the evolution of Sydney’s west.”

The hotels are being offered for sale as a portfolio or individually and offer the option of vacant possession.

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