Melbourne, 10 May 2016 - A boutique Victorian hotel is being brought to the market by CBRE.
Peppers Mineral Springs Hotel in Hepburn Springs is located in the picturesque Daylesford and Macedon Ranges; one of Victoria’s top hot spots located less than 75 minutes from Melbourne. Built in the 1930’s, the 4 star 40 room boutique hotel is a fusion of Spanish mission, arts & craft with classic art deco features and a unique exterior which has become an icon in the region. The property includes the iconic heritage listed Villa Parma which is on a separate title. The public areas of the hotel have been refurbished by renowned Australian designer, the late Stuart Rattle, and there is also planning approvals for a new function centre, wellness retreat, 26 new hotel suites and an indoor pool.
CBRE’s Scott Callow is selling the freehold property and business on behalf of the owners, Wayne Cross and Chris Malden, via an Expressions of Interest campaign closing June 8.
Mr Callow said the property has won several industry accolades including best destination day spa resort, One Hat in Age Good Food Guide 2015 & Three Glass wine list in Gourmet Traveller, 2015 regional hotel restaurant of the year and Top 100 restaurants of Australia.
“The hotel which operates under the Peppers brand is recognised as one of the premium accommodation and spa facilities in the region. The overall strength of Melbourne’s hotel market with record room rates and occupancy levels is flowing on to recognised areas in its immediate surrounds,” Mr Callow said.
“The Daylesford/Hepburn area has continued to grow in popularity amongst a wide variety of guests with a strong influence from higher end boutique clientele. There is a strong focus on quality accommodation and a unique food and beverage experience. Given the broad recognition of the area and its proximity to Melbourne CBD, the property is expected to attract interest from both within Australia and also overseas with offers well in excess of $7 million,” Mr Callow added.
For Australian/international news or global stories, follow us on Twitter.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.