SA Development News
One of Adelaide’s most famous luxury hotels, the Hilton Adelaide, has been listed for sale for the first time in more than 30 years by private local owners, 233 Victoria Square Hotel Pty Ltd. HILTON ADELAIDE HITS THE MARKET
Situated in the heart of Adelaide’s entertainment, dining, shopping, and business precincts, the five-star hotel is close to attractions including Adelaide Central Market, Chinatown, and the Adelaide Botanic Gardens. CBRE’s Michael Simpson, Vasso Zographou, Tom Gibson and Nick Hill are managing the sale via an International Expressions of Interest campaign. “This is a rare opportunity to acquire a flagship five-star asset in one of Australia’s most resilient investment markets,” Mr Simpson said. “As the capital of South Australia, Adelaide is the backbone to the state’s economy serving as a multifaceted hub to its manufacturing, financial services, health, education and government industries worth a combined $100+ billion to the national economy.
“The city has designed a new economic future with its competitive cost base and significant investments, notably the $438 billion investment in the Osborne Naval Shipyard, the $1 billion Adelaide Airport Expansion and the $1 billion Festival Tower mixed-use development.” Located at 233 Victoria Square, the hotel occupies a 3,556sqm site with 377 guest rooms, 20 conference and meeting rooms, a business lounge, tennis court, gymnasium and swimming pool. The hotel features high- quality food and beverage offerings COAL Cellar + Grill and The Collins Bar. The property is subject to a management agreement with Hilton Hotels of Australia Pty Ltd, with vacant possession available from 1st July 2026.
Mr Zographou added, “We expect this campaign to generate significant interest from a broad range of
118 – October / November 2024
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